Written answers

Tuesday, 15 November 2005

Department of Social and Family Affairs

Social Insurance

9:00 pm

Photo of Arthur MorganArthur Morgan (Louth, Sinn Fein)
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Question 363: To ask the Minister for Social and Family Affairs the amount of revenue which would be raised if the PRSI cut-off ceiling was removed based on 2004 figures. [34442/05]

Photo of Séamus BrennanSéamus Brennan (Dublin South, Fianna Fail)
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The current employee PRSI ceiling stands at €44,180 per annum. The abolition of this ceiling would yield an estimated €238.2 million in additional revenue. This estimate is based on a sample of cases from 2003 updated for changes in earnings and the number of contributors. The employee PRSI ceiling is reviewed annually in accordance with the legislative stipulations of the Social Welfare (Consolidation) Act 1993. The legislation effectively enables the Minister to set a cut-off ceiling based on changes in earnings.

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