Written answers

Tuesday, 4 December 2018

Department of Employment Affairs and Social Protection

Social Insurance Yield

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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634. To ask the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by each one percentage point increase in employers' PRSI; and if she will make a statement on the matter. [50569/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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635. To ask the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by each one percentage point increase in employers’ PRSI on salaries over €100,000; and if she will make a statement on the matter. [50570/18]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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636. To ask the Minister for Employment Affairs and Social Protection the estimated cost in increasing the employers' PRSI threshold to exclude income under €24,752 from PRSI. [50571/18]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
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I propose to take Questions Nos. 634 to 636, inclusive, together.

The information requested by the Deputy is contained in the table.

Revenue/CostEmployments affected
1% Increase in Employer's PRSI€778.6m2,950,241
1% increase in employer's PRSI on salaries over €1,923 per week€69.12m247,218
Increasing the employers’ PRSI threshold to exclude income under €24,752 from PRSI.€474.6m930,102

These estimates are based on PRSI Class A contributions. They use the latest available data and reflect macro-economic indicators for 2019. They also reflect the planned increase in the lower threshold for employer PRSI from €376 to €386 from 1 January 2019.

It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.

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