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 Band||Old Employer Rate 2019||New Employer Rate 2020|
|€38 to €386||8.6%||8.7%|
|In excess of €386||10.85%||10.95%|
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.