Written answers

Tuesday, 21 May 2019

Department of Employment Affairs and Social Protection

Social Insurance Rates

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

618. To ask the Minister for Employment Affairs and Social Protection the estimated cost of an increase in bands of employer's and employee's PRSI to reflect a minimum wage of €11.80 per hour. [21930/19]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The information requested by the Deputy is currently being compiled and calculated by the Department and will be provided to the Deputy as soon as it becomes available.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

619. To ask the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by introducing a new employers’ rate of PRSI of 12.75%, 13.75%, 14.75% and 15.75%, respectively on the portion of salary paid in excess of €100,000 per annum. [21950/19]

Photo of Regina DohertyRegina Doherty (Meath East, Fine Gael)
Link to this: Individually | In context | Oireachtas source

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

Increase in Employer PRSI rate on earnings over €100,00 to:YieldEmployments affected
12.75%€127.0m251,592
13.75%€197.6m251,592
14.75%€268.1m251,592
15.75%€338.7m251,592

These estimates are based on PRSI Class A contributions.  They use the latest available data and reflect macro-economic indicators. 

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

I hope this clarifies the matter for the Deputy.

Comments

No comments

Log in or join to post a public comment.