Ceiling for PRSI payments jumps from 52,000 to 75,000

PAY Related Social Insurance will now be payable on €75,000 of a person’s income instead of the pre-budget ceiling of €52,000.

From May 1, while the 4% PRSI charge remains the same, it is to be paid on all monies earned to just over e75,000.

According to KPMG tax expert Michael Lynch, the hardest hit will be a married person with one income.