You do not have to pay PRSI on annuity (Guaranteed income for life) payments.
However, AMRFs/ARFs and Vested PRSAs are treated as retirement and trivial pension funds and are liable to PRSI class S (currently 4%) until age 66. The number of PRSI weeks allocated will be based on the number of PRSI weeks in the payroll period that the payment is made.
In order to obtain 52 weeks over the year, you must receive 12 monthly payments.
You might also read our related article How to ensure your pension is taxed correctly?.
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