Written answers
Thursday, 18 July 2013
Department of Social Protection
Social Insurance Yield
Kevin Humphreys (Dublin South East, Labour)
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318. To ask the Minister for Social Protection the amount that has been raised in each year since 2011 in changes to PRSI at budgets; if she will list those measures and the amount each was worth; the carryover the measures announced in budget 2013 have into the 2014 financial year; and if this counts towards the savings required in her Department; and if she will make a statement on the matter. [36272/13]
Joan Burton (Dublin West, Labour)
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The table details the revenue raising PRSI measures introduced in Budget 2011 and subsequent Budgets and the yield as estimated at the time of the relevant Budget. PRSI measures which increase the yield to the Social Insurance Fund do not count towards the achievement of departmental expenditure ceilings.
Table; PRSI Budget Measures, 2011 to 2013
| - | 2011 | 2012 | 2013 | 2014 |
|---|---|---|---|---|
| - | €m | €m | €m | €m |
| 2011 Budget Measures | - | - | - | - |
| Abolition of annual earnings ceiling for employed contributors | 100.00 | 145.00 | 145.00 | 145.00 |
| Class S- Self-Employed contributions increased to 4% | 53.00 | 40.00 | 40.00 | 40.00 |
| Extension of PRSI to public office holders | 3.00 | 3.00 | 3.00 | 3.00 |
| Increase in rate of PRSI to 4% for pre-1995 public servants with earnings exceeding €75,036 pa. | 12.00 | 15.00 | 15.00 | 15.00 |
| Abolition of employee PRSI relief for pension contributions. | 20.00 | 30.00 | 30.00 | 30.00 |
| Abolition of PRSI relief on public service pension levy | 55.00 | 60.00 | 60.00 | 60.00 |
| Abolition of exemptions relating to approved profit sharing schemes (Employee element only, employer element reversed in 2011 Jobs Initiative) | 1.09 | 2.17 | 2.17 | 2.17 |
| Abolition of approved save as you earn schemes (Employee element only, employer element reversed in 2011 Jobs Initiative) | 0.03 | 0.08 | 0.08 | 0.08 |
| Abolition of exemptions relating to share awards (Employee element only, employer element reversed in 2011 Jobs Initiative) | 1.90 | 3.53 | 3.53 | 3.53 |
| Abolition of exemptions relating to unapproved share option gains (Employee element only, employer element reversed in 2011 Jobs Initiative) | 0.54 | 0.81 | 0.81 | 0.81 |
| Total 2011 Budget measures | 246.55 | 299.59 | 299.59 | 299.59 |
| 2012 Budget measures | - | - | - | - |
| Abolition of employer PRSI relief on employee pension contributions | - | 57 | 74 | 74 |
| Total 2012 Budget measures | n/a | 57 | 74 | 74 |
| 2013 Budget measures | - | - | - | - |
| Abolition of employee weekly allowance | - | - | 265 | 289 |
| Increase in minimum annual contribution for self-employed contributors | - | - | 13 | 18 |
| Abolition of exemption for modified PRSI contributors on additional income received from self-employment or any unearned income | - | - | 8 | 12 |
| Abolition of exemption for employees on full PRSI for unearned income (with effect from 2014). | - | - | - | 14 |
| Total 2013 Budget measures | n/a | n/a | 286 | 333 |
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