Oireachtas Joint and Select Committees
Tuesday, 17 November 2015
Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance
Finance Bill 2015: Committee Stage
4:00 pm
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
My question on the section may fall outside the remit of the Department of Finance. Will increasing the threshold from €3,174 to €5,000 have an impact in respect of the application of PRSI to deposit interest? DIRT is currently charged at 41% and an additional 4% in PRSI is charged on non-PAYE income if it exceeds €3,174. Will the DIRT threshold also be increased to €5,000? I accept that this is probably not relevant to the Bill before us but they are linked.
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