Do I pay PRSI as a sole trader/self employed?

 

Yes you will need to pay PRSI as a sole trader or self-employed person. PRSI Class S is paid by self-employed people such as: professional people (for example doctors, dentists, solicitors etc) sole traders, people in business on their own or in partnership, farmers, religious, contractors, sub-contractors, people with income from investments, rents or maintenance payments. If you earn less than €5,000 from self-employment in a year you are exempt from paying Class S PRSI (but you may pay €500 as a voluntary contributor).

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Mark Sweetman, ACA

Mark Sweetman, ACA

As a Chartered Accountant I've built my experience working within the SaaS and digital technology industries, growing early-stage businesses from the inside. I help digital entrepreneurs understand their companies and ensure they have all the tools they require to succeed and thrive. I love adopting new tech solutions and making use of these to increase efficiency within our clients' businesses.