In Budget 2013, it was announced that from 1st January 2014, the exemption from PRSI applying to employed contributors and occupational pensioner aged under 66 years who whose only additional income is unearned income, will be abolished.

This means that PRSI will be payable on income generated from wealth such as rental income, investment income, dividends and interest on deposits and savings. This income will now become liable to PRSI at 4% for the above persons provided the person is a chargeable person.