Written answers
Monday, 11 September 2017
Department of Employment Affairs and Social Protection
Social Insurance Rates
Niall Collins (Limerick County, Fianna Fail)
Link to this: Individually | In context | Oireachtas source
1887. To ask the Minister for Employment Affairs and Social Protection the estimated cost to the Exchequer of a proposal (details supplied) in tabular form. [38310/17]
Regina Doherty (Meath East, Fine Gael)
Link to this: Individually | In context | Oireachtas source
The cost of adjusting the class A PRSI employer’s rate for those earning less than €380 per week is contained in the table below.
| New Rate | Cost |
|---|---|
| 8.00% | €19.5m |
| 7.75% | €28.7m |
| 7.50% | €37.9m |
| 7.25% | €47.1m |
| 7.00% | €56.3m |
| 6.75% | €65.5m |
| 6.50% | €74.7m |
| 6.25% | €83.9m |
| 6.00% | €93.1m |
| 5.75% | €102.3m |
| 5.50% | €111.4m |
| 5.25% | €120.6m |
| 5.00% | €129.8m |
| 4.75% | €139.0m |
| 4.50% | €148.2m |
| 4.25% | €157.4m |
| 4.00% | €166.6m |
These estimates are based on the latest available data and reflect macro-economic indicators for 2018. It should be noted that the estimates do not take into account any possible changes in employer behaviour arising from the rate changes.
No comments