Friday, February 19, 2010

What is PRSI & what is it used for?

The PRSI contribution is made up of Social Insurance and the Health Contribution (health levy), many workers were not aware of the health levy until the income levy was introduced in 2009. The Social Insurance element goes to the Social Insurance Fund ( SIF) which helps pay for Social Welfare benefits and pensions. This element is paid by employers and employees.

The Health Contribution goes to the Department of Health and Children to help fund the health services. The Health Contribution is included in the employee's share of the PRSI contribution. all employees, with very few exceptions whether full-time or part-time, pay PRSI.

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