Written answers
Wednesday, 1 June 2016
Department of Social Protection
Social Insurance Rates
Pearse Doherty (Donegal, Sinn Fein)
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123. To ask the Minister for Social Protection the revenue that would be raised by introducing a new employers’ rate of pay related social insurance of 12.75%, 13.5%, 14.5% and 15.75% on the portion of salary paid in excess of €100,000 per year. [13887/16]
Leo Varadkar (Dublin West, Fine Gael)
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The information requested by the Deputy is contained in the following table. These estimates are based on macro-economic indicators for 2016 only. The estimates do not take possible changes in employer or employee behaviour into account.
Table: Yield from increased Class A Employer PRSI rates on income above €100,000 per annum
Employer PRSI Rate | Yield – Class A |
---|---|
12.75% | €107 million |
13.5% | €147 million |
14.5% | €200 million |
15.75% | €267 million |
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