PRSI Rates in Ireland to increase in October 2024
August 1, 2024
The Social Welfare (Miscellaneous Provisions) Act 2024 was signed on 15 July 2024 and provides for the following increases in all PRSI rates for all PRSI classes, with the exception of PRSI Class M (Exempt) and the employee contribution payable under Class J (0%), from 1 October 2024:
| Year | Increase |
| 1 Oct 2024 | 0.1% |
| 1 Oct 2025 | 0.2% |
| 1 Oct 2026 | 0.15% |
| 1 Oct 2027 | 0.15% |
| 1 Oct 2028 | 0.2% |
Employer PRSI:
The threshold for the higher rate of Employer PRSI under Class A will increase from €441 per week, €882 per fortnight, €1,911 per month to €496 per week, €992 per fortnight and €2,149 per month.
This will ensure that employers will only be liable to pay the lower rate of 8.9% Employer PRSI in respect of any employee working up to a 39-hour week on the national minimum wage.
