Entitlement to Social Insurance Benefits
| Benefit Entitlement | Class A Employees |
Class S Self Employed & Company Directors |
| Jobseekers Benefit | Yes | No |
| Illness Benefit | Yes | No |
| Invalidity Pension | Yes | No |
| State Pension (Transition) | Yes | No |
| State Pension (Contributory) | Yes | Yes |
| Widow(er)’s contributory Pension | Yes | Yes |
PRSI Rates and Benefits from January 2020
|
A1 |
S1 |
|
| Employee |
*4.0% on all income
|
4.0% on all income |
| Employer |
10.95% (incl. 0.7% Training levy) |
Nil |
| * Employees earning less than €352 pw are exempt from PRSI. From 2014 PRSI will be payable on rental income, dividends and interest on deposits and savings (self employed already liable).In 2013 the minimum level of annual PRSI contribution from the self-employed increased from €253 to €500. | ||
Weekly Benefits 2020
| State Pension (Contributory)/(Transition) – Personal RatePersonal + Adult dependant over 66Personal + Adult dependant under 66 |
€248.30 €470.80 €413.70 |
| Widow/Widowers Contributory Pension (under 66) |
€208.50 |
| Invalidity Pension– Personal RatePerson + Adult dependant under 66 |
€208.50 €373.90 |
| Illness/Jobseekers Benefit– Personal RatePerson + Adult dependant |
€203.00 €337.70 |
| Increases for each Dependant Child– Old Age Retirement, Invalidity Pension Disability & Unemployment BenefitWidow/Widower’s Pension |
€36.00 €36.00 €36.00 |
From 1/1/2012, the first 36 days of Illness Benefit each year are no longer tax free.
Child Benefit (Children’s Allowance) 2020
1, 2 and 3rd child:€ 140 per month per child [€1680 pa per child]
Disclaimer: Eamon Porter trading as Aspire Wealth Management accepts no responsibility for any of the information contained herein. The information listed above was correct at the time of preparation (October 2019), and is based on the Budget 2020 Statement – January 2020.
