From 1 January 2024, the upper age limit for exemption from PRSI is being raised from 66 to 70 years for employees, their employers and the self-employed. From that date, all employees and self-employed persons aged between 66 and 70, and born after 1 January 1958, will continue to be liable for PRSI until they have been awarded the State Pension (Contributory). For those who have already reached age 66 by 1 January 2024, their PRSI position will be unaffected by the changes.
In conjunction with these changes, from 1 January 2024, an individual will be able to draw their State Pension (Contributory) between ages 66 and 70, providing them with an opportunity to improve their contribution record at date of drawdown. Further information is available here.
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