Written answers

Wednesday, 1 June 2016

Department of Social Protection

Social Insurance Rates

Photo of Pearse DohertyPearse 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]

Photo of Leo VaradkarLeo 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 RateYield – Class A
12.75%€107 million
13.5%€147 million
14.5%€200 million
15.75%€267 million

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