PRSI (Pay Related Social Insurance) is Ireland’s system of social insurance contributions paid by employees, employers, and the self-employed. It helps fund benefits such as certain state pensions, illness benefit, and maternity or paternity supports, depending on your class and contribution history.

How PRSI works

Contribution classes depend on your work type, employee, self-employed, or other categories. Employees typically pay PRSI through PAYE; employers also pay employer PRSI. Self-employed people pay under rules set by the Revenue Commissioners and Department of Social Protection.

PRSI vs USC and income tax

Income tax funds general government spending. USC is an additional charge on income. PRSI is specifically linked to social insurance entitlements. All three affect the amount that reaches your Bank Account each payday.

Your payslip and Revenue records show PRSI paid. Use bunq Budgeting on net figures when planning monthly expenses.