Class A Employer PRSI and Minimum Wage Changing – 1st February 2020

From 1 February 2020, the weekly income threshold for the higher Class A Employer PRSI increases from €386 to €395. For January 2020 the €386 threshold for the higher Class A employer rate remains unchanged.

Minimum wage will also increase 30c to €10.10 from February 2020.

Weekly earnings up to and including €395 will attract the lower employer Class A rate.

Where weekly earnings exceed €395, the higher Class A employer rate will apply.

Please note there are no changes to Class A Employee PRSI rates or the Employee PRSI tax credit.

As a result of the changes above, Classes AX and AL will have different thresholds in 2020. You can view the full list of upcoming changes on Welfare’s website.

Book Your Meeting Today

Switching accountants or just getting started? We offer a no-obligation introductory meeting where we can discuss the accounting services you require and how our team can help you.

Click Book Meeting Now below to quickly set up your meeting today through our easy to use online booking system.

BOOK MEETING NOW

The Fidelia Team

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.