Ireland – Increase in PRSI contribution rates

As announced in the 2024 Budget, all PRSI rates will increase by 0.1% for both employer and employee contributions.

Changes to Class A

• The employee rate of 4% will increase by 0.1% to 4.1%.
• The employer rates of 8.8% and 11.05% will increase by 0.1% to 8.9% and 11.15% respectively.

There are no changes to the income bands and PRSI credit. The PRSI rate changes are effective from 1 October 2024.

Changes to other classes can be found on the government website.

Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.