Written answers

Tuesday, 15 May 2018

Department of Employment Affairs and Social Protection

Social Insurance Data

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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524. To ask the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by introducing a new employers’ rate of pay related social insurance of 15.75% on the portion of salary paid in excess of €100,000 per annum. [21192/18]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
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It is estimated that increasing the rate of pay related social insurance to 15.75% on the portion of salary paid in excess of €100,000 per annum would yield €323.2 million in a full year.

This estimate is based on PRSI Class A contributors. It uses the latest available data and reflects 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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