Written answers

Thursday, 26 June 2014

Department of Social Protection

Social Insurance Yield

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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111. To ask the Minister for Social Protection the income raised in 2013 from the abolition of the weekly employee PRSI allowance; and if she will make a statement on the matter. [27784/14]

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Prior to January 2013, where an employee’s weekly earnings exceeded €352, he or she was liable to pay PRSI on all earnings, less the weekly PRSI free allowance of €127. (For persons paying PRSI at the modified rate of contribution, the PRSI free allowance was €26.) This allowance was abolished in Budget 2013 and PRSI is now payable on allearnings once the €352 weekly threshold is exceeded. When implemented it was estimated that this measure would yield €265 million in 2013 and €289 million in a full year, which contributes substantially towards supporting the future sustainability of the Social Insurance Fund.

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