Shareholder social welfare contributions
The Minister said an employed shareholder is generally insurable, unless holding a controlling interest; pay level is irrelevant. He declined to advise on the specific 49 per cent example.
asked the Minister for Social Welfare if a person earning less than £3,000 p.a., but who is also a shareholder in the firm with whom he is employed, is obliged to pay social welfare contributions.
Comment on this
A person who is insurably employed is obliged to pay social welfare contributions.
Normally a shareholder of a firm holding office under a contract of service with that firm is insurable under the Social Welfare Acts. If, however, the shareholder has a controlling interest in the firm the employment is not insurable.
The rate of remuneration payable does not affect the question of insurability under the Acts.
Comment on this
Would a person with a minority shareholding of, say, 49 per cent still be obliged to contribute?