Gerald Nash (Louth, Labour)
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496. To ask the Minister for Employment Affairs and Social Protection the estimated additional revenue that would be raised by adjusting the level of social insurance contributions for self-employed workers class S PRSI from 4% to 5.75% and 7.5%, respectively; and if she will make a statement on the matter. [25122/20]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated additional revenue that would be raised by adjusting the rate of the social insurance Class S contribution for self-employed workers from 4% to 5.75% and to 7.50% respectively would be €230m and €465m respectively.

This estimate does not take into account any possible changes in self-employed worker behaviour arising from increasing the rate of the Class S PRSI contribution. Nor does it take into consideration any of the impacts arising from the measures being taken to deal with the COVID-19 pandemic.

I trust this clarifies the matter for the Deputy.