System Updates for PRSI Changes

Author: Brandon Louw

    less than 1 minute read    

As we prepare to enter a new tax year, we’d like to remind you that there is no need to do any manual changes to the system. Following the budget speech on 14 October, SimplePay has made updates on the back-end of the system for the change in PRSI income bands for those in class A. This means that you simply continue processing payroll as per normal. The SimplePay system will check your payslip dates and apply the correct band when determining PRSI contributions.

If you have already processed your payslips for 2021 in advance, there is a possibility that you finalised your payslips before the updates took place. If this is the case, we have sent out notifications to inform you that you need to unfinalise your payslips to unlock all calculations and then refinalise them with the correct PRSI figures.

The changes to the PRSI income bands for class A for weekly paid employees are highlighted below:

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These changes have also been adjusted for employees who are paid fortnightly and monthly.

If you need any assistance, please do not hesitate to reach out to our Support team.

Team SimplePay