Written answers

Tuesday, 8 December 2009

Department of Social and Family Affairs

Social Insurance

10:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 319: To ask the Minister for Social and Family Affairs the annual cost of the PRSI allowance for each of the past five years; and the amount of revenue that would be raised in 2010 if the PRSI allowance was abolished. [45421/09]

Photo of Mary HanafinMary Hanafin (Dún Laoghaire, Fianna Fail)
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The estimated cost of the abolition of the allowance is included in the annual PRSI 'Ready Reckoner' - produced, and published, as part of the Budget process. It should be noted that these estimates are calculated with reference to macro economic projections by the Department of Finance for each Budget and therefore the circumstances underpinning the calculations can vary considerably from year to year. Current estimates indicate that the abolition of the €127 PRSI free allowance for Class A contributors would yield some €350 million additional contribution income in a full year.

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