Seanad debates

Wednesday, 6 November 2013

Social Welfare and Pensions Bill 2013: Committee Stage

 

2:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

I do not think I have the figure with me but if I recall correctly it is a relatively modest amount. It is €14 million in 2014 and when it comes fully into effect over a period it should be €60 million in a full year. It is a small amount relative to the total PRSI take but the principle of taxation is that if everybody and all sources yield small amounts we will avoid very high rates, everybody will be a contributor and we will be able to continue paying the pensions.

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