The exemption for employers PRSI (pay-related social insurance) for employing workers who have been unemployed for six months or more was announced on the 20th June 2010 by Taoiseach Brian Cowen and Minister for Social Protection Eamon Ó Cuív ‘The incentive scheme for creating new jobs will save an employer in the region of €3,000 from the annual cost of employing an additional worker’. The scheme will be open to applications in relation to any job created in 2010. If you have created a job since 2010 for any individual who has not been employed for 6 months or more then you should now apply for the exemption. If you application is approved you will not have to pay employer’s PRSI for 12 months forward from the approval date.
The key scheme criteria include the following
- The employee concerned must have been on the Live- Register (Unemployed)
for at least 6 months.
- The job must be full time and must be new and additional employers will not be allowed
to substitute existing employees to avail of the scheme.
- The employer will be required to furnish an up to date Tax Clearance Certificate
- Employers will be limited to a maximum participation rate of 5% of their existing
workforce or, for smaller companies, a maximum of 5 new jobs.
- The job must last for 6 months or more. If it does not the prsi exempt amounts will have
to be repaid by the employer.
Further details of the employer Job (PRSI) Incentive Scheme will be available at www.welfare.ie