Liability to pay PRSI on income currently ceases at which age?

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Multiple Choice

Liability to pay PRSI on income currently ceases at which age?

Explanation:
The key idea is that PRSI is a payroll tax designed to fund social welfare, and there is an age-based exemption for earnings. Once you reach pension age, your liability to pay PRSI on earnings ends. In Ireland, that pension age is currently 66, so people who are 66 or older stop paying employee PRSI on their income from work. If you continue to work after turning 66, PRSI is not deducted from your wages (though the employer’s PRSI treatment is a separate matter). The other ages don’t align with this rule, since the exemption applies specifically at the pension age of 66.

The key idea is that PRSI is a payroll tax designed to fund social welfare, and there is an age-based exemption for earnings. Once you reach pension age, your liability to pay PRSI on earnings ends. In Ireland, that pension age is currently 66, so people who are 66 or older stop paying employee PRSI on their income from work. If you continue to work after turning 66, PRSI is not deducted from your wages (though the employer’s PRSI treatment is a separate matter). The other ages don’t align with this rule, since the exemption applies specifically at the pension age of 66.

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