Mr. Niall Cody:

A self-employed person on €35,000 in 2021 would have a total deduction of €5,978 between PAYE, USC and personal PRSI liability. An employee on this amount would have a net income of €29,022. They would have the same net income and the same contribution, of €5,978, and an employer PRSI contribution, which is what the Chairman was talking to me about. The differential is the employer's PRSI contribution, which is €3,867. That would be the liability difference between being self-employed on €35,000 and being an employee on €35,000. That is taking it that there are no expenses claims or anything like that. The calculation is based on basic gross income.