PRSI changes announced in Budget 2020

Click to access Advance-Notice-for-Budget-2020.pdf

  • Employee PRSI

There are no changes in employee rates of PRSI.

There is no change to the employee PRSI Credit.

  • Self-employed Payments

There are no changes to the rate of self-employed PRSI or in the minimum/flat rate self-employed PRSI payments.

  • Employer PRSI

The National Training Fund Levy (NTFL), collected alongside Employer PRSI for Classes A and H, will increase by 0.1% from 0.9% to 1.0% from 1 January 2020. This means that Employer rates (combined PRSI and NTFL) for Classes A and H will increase by 0.1%.

Weekly Income BandOld Employer Rate 2019New Employer Rate 2020
€38 to €3868.6%8.7%
In excess of €38610.85%10.95%
Employer Prsi Rate (excluding NTFL)

Reduced rate 8.8% (including NTFL)

Higher rate 11.05% (including NTFL)

The Government has accepted the recommendation of the Low Pay Commission to increase the national minimum wage by 30c to €10.10 from 1 February 2020 and consequently the Class A employer PRSI threshold will increase from €386 to €395 effective from 1 February 2020.

As a result of this change Classes AX and AL will have different thresholds within 2020.

  • Other PRSI Classes

There are no changes to other PRSI Classes.