Written answers
Tuesday, 20 March 2018
Department of Employment Affairs and Social Protection
Social Insurance Data
John Brady (Wicklow, Sinn Fein)
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922. To ask the Minister for Employment Affairs and Social Protection the estimated amount which would be raised if employer PRSI was increased by 0.5%. [12858/18]
John Brady (Wicklow, Sinn Fein)
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923. To ask the Minister for Employment Affairs and Social Protection the estimated amount which would be raised if employee PRSI was increased by 0.5%. [12859/18]
Regina Doherty (Meath East, Fine Gael)
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I propose to take Questions Nos. 922 and 923 together.
The estimated amount of PRSI raised by increasing the employee and employer PRSI rates by 0.5% is provided in the following table:
| Rate | Estimated Full Year Yield |
|---|---|
| Increase Employer Lower Rate by 0.5% | €18.2m |
| Increase Employer Higher Rate by 0.5% | €341.6m |
| Increase Employee Rate by 0.5% | €343.2m |
These estimates are based on PRSI Class A contributors. They use the latest available data and reflect macro-economic indicators for 2018. It should be noted that the estimate does not take into account any possible changes in employer behaviour arising from changing rates of contribution.
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