Friday 9 December 2016

A 'small number' to get refunds on PRSI

taxes

Charlie Weston, Personal Finance Editor

Published 24/11/2011 | 05:00

SMALL numbers of income-tax payers may be entitled to refunds on their pay related social insurance (PRSI) payments, the Department of Social Protection admitted.

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The refunds are only for those who earned less than €26,000 in 2010.

The department has scotched rumours that large numbers are entitled to refunds.

A spokeswoman for the Department of Social Protection said: "People who earned less than €26,000 in 2010 but more than €500 in any one week of that year may be entitled to a refund of the health contribution/health levy.

"Precise figures for the number of people who might be entitled to such a refund are not readily available."

Until January 1 this year, the health contribution was collected as part of the PRSI system.

Social charge

Last year's budget abolished both the health contribution and the income levy and introduced the stand-alone universal social charge (USC).

The USC is chargeable on all income when gross income exceeds €4,004, or €77 per week.

USC is charged at the rate of 2pc on the first €10,036, or €193 a week, at 4pc on the next €5,980 (up to €308 per week) and at 7pc on the balance.

No refund of the health contribution will arise for 2011 and onwards, the department said.

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