Written answers

Wednesday, 11 October 2017

Department of Employment Affairs and Social Protection

Social Insurance Data

Photo of Joan CollinsJoan Collins (Dublin South Central, Independent)
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184. To ask the Minister for Employment Affairs and Social Protection further to Parliamentary Question No.242 of 11 October 2016, the amount that would accrue to the State if employer's PRSI was increased by 1%, 1.5% and 2% respectively for the 8.5% and 10.75% rates; and the number of employments affected, in tabular form. [43105/17]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
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Currently, Class A employers pay PRSI at the rate of 8.5% where weekly earnings are between €38 and €376. Once weekly earnings exceed €376, the rate of employer PRSI is 10.75%.

The increase in the PRSI yield to the Social Insurance Fund from increasing the class A employer PRSI rates by 1%, 1.5% and 2%, is provided in the table.

% Increase in 8.5% and 10.75% Rate of Employer PRSITotal Increased YieldEmployments Affected
1%€707.1m2,433,600
1.5%€1,060.6m2,433,600
2%€1,414.1m2,433,600

These estimates are based on the latest available data and reflect macro-economic indicators for 2018 only. It should be noted that the estimates do not take possible changes in employer behaviour arising from increasing the rates of contributions into account.

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