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PRSI contributions refund?

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  • 05-05-2006 11:38am
    #1
    L5
    Closed Accounts Posts: 2,951 ✭✭✭


    Is it true that you can claim PRSI back if you only partially worked in a year? I have been told this by a good source recently , and been given this template to send in. Can anyone confirm this, because it would be worth quite a bit to me.
    thanks


    XXXXXXXX,
    XXXXXXXX,
    XXXXXXXXXX,
    XXXXXXXXXXX,
    XXXXXXX,
    XXXXXXX.


    Strictly Private & Confidential
    PRSI Refund Section,
    Floor 3,
    Oisin House,
    212/213 Pearse Street,
    Dublin 2.

    Dear Sir
    PRSI Refund – Mr XXXX XXXXX (PPS Number XXXXXXXX)
    Further to my recent conversation with a member of your Department, I wish to apply for a refund of my PRSI contributions. I have set out the details relating to the periods of employment where I only worked a partial year.
    Period One: September 2004 – current date (hence for the calendar year 2004 I only worked a partial year);
    Period Two: January 2003 – August 2003.
    I have included my PPS number above in order for you to identify the years in which I made PRSI contributions. If you require any further details please let me know. My contact telephone number is XXX XXXXXXX
    Yours faithfully

    XXXX XXXXXXXX


Comments

  • Options
    #2
    NaasMan
    Closed Accounts Posts: 24 ✭NaasMan


    PRSI is not like tax, it you have earnings in a PRSI week, you calculate PRSI based on those earnings. You can not spread them over a year in order to avail of PRSI exemptions etc. As such, I can not see how you could qualify for a refund just by not working. You should however check the the correct amount of PRSI was deducted in the first place, If you have overpaid you will be entitled to a refund


  • Options
    #3
    Crumbs
    Registered Users Posts: 1,080 ✭✭✭Crumbs


    I can't remember the exact figures for previous years but in 2005, if in any week your gross wage was over €400, you would be paying a 2% Health Contribution on the full amount (ie. at least €8) as part of your weekly PRSI. But if at the end of the year your annual gross wage was under €20,800 (400 x 52), you would be entitled to a refund of all these little 2% contributions, which would be a possible maximum of €416. These figures would be slightly lower for 2004 and 2003.

    As in NaasMan's post, the 4% Social Insurance part of your PRSI would be non-refundable unless there was some overpayment error.


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