Yes, most people in Ireland pay PRSI (Pay Related Social Insurance).

  • Self-employed (Class S):
    • Pay 4% of profit
    • Minimum annual payment: €500
    • If earning over €5,000 a year.
  • Employees (Class A):
    • If earning more than €410 per week, pay 4% of wages
    • If earning below €410 per week, you may qualify for a PRSI exemption
    • Employer pays an additional 8.8%–11.05%

PRSI funds benefits like the State Pension and illness or maternity payments.

Note: PRSI for Self-Employed and Employees increasing to 4.2% after 1st October 2025.

You don’t pay PRSI if you’re:

  • Earning under €5,000 as self-employed
  • Aged 66 or older