Written answers
Wednesday, 2 October 2013
Department of Social Protection
Social Insurance Yield
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
179. To ask the Minister for Social Protection the yield that would be achieved from increasing employers PRSI to 12%, 13%, 14% and 15% respectively for the portion of salary over €100,000; and if she will make a statement on the matter. [41366/13]
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
180. To ask the Minister for Social Protection the yield that would be achieved from increasing employers PRSI to 12%, 13%, 14% and 15% respectively for the portion of salary over €125,000; and if she will make a statement on the matter. [41367/13]
Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
181. To ask the Minister for Social Protection the yield that would be achieved from increasing employers PRSI to 12%, 13%, 14% and 15% respectively for the portion of salary over €150,000; and if she will make a statement on the matter. [41368/13]
Joan Burton (Dublin West, Labour)
Link to this: Individually | In context | Oireachtas source
I propose to take Questions Nos. 179 to 181, inclusive, together.
The table below gives the estimated yield that would be achieved from increasing Employer PRSI from 10.75% to 12%, 13%, 14% and 15% respectively. The percentage increases in Employer PRSI are applied to income in excess of the thresholds specified by the Deputy.
| Threshold for higher Employer PRSI | Rate of Employer PRSI | Cost/Yield | No. of Employments |
|---|---|---|---|
| - | - | (€000) | - |
| €100,000 | *12% | 29,785 | 41,160 |
| €100,000 | *13% | 53,614 | 41,160 |
| €100,000 | *14% | 77,442 | 41,160 |
| €100,000 | *15% | 101,270 | 41,160 |
| €125,000 | *12% | 21,137 | 24,710 |
| €125,000 | *13% | 38,047 | 24,710 |
| €125,000 | *14% | 54,957 | 24,710 |
| €125,000 | *15% | 71,867 | 24,710 |
| €150,000 | *12% | 15,874 | 16,590 |
| €150,000 | *13% | 28,573 | 16,590 |
| €150,000 | *14% | 41,272 | 16,590 |
| €150,000 | *15% | 53,972 | 16,590 |
*The National Training Fund Levy of 0.70% is included in the contribution.
No comments