Written answers
Wednesday, 5 July 2023
Department of Employment Affairs and Social Protection
Tax Code
Bernard Durkan (Kildare North, Fine Gael)
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124. To ask the Minister for Employment Affairs and Social Protection the benefit of S class contributions which a person (details supplied) was deemed to make, arising from income received from an approved retirement scheme; and if she will make a statement on the matter. [33108/23]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The person concerned was awarded the maximum rate State Pension (contributory) with effect from 19th May 2023.
The class S contributions paid by the person concerned were included in the calculation for their State Pension (contributory).
There has been an extensive expansion of access to the range of social insurance benefits for self-employed contributors in recent years without any increase in the 4% rate of contribution made by them. Where all qualification criteria for the particular scheme are satisfied, PRSI contributions in Class S give access to the following benefits:
- State Pension (Contributory);
- Adoptive Benefit;
- Guardian's Payment (Contributory);
- Jobseeker's Benefit (Self-Employed);
- Invalidity Pension (for long term illness);
- Maternity Benefit;
- Parent's Benefit;
- Partial Capacity Benefit;
- Paternity Benefit;
- Treatment Benefit; and
- Widows, Widower's or Surviving Civil Partner's (Contributory) Pension.
My Department keeps its range of supports under review to ensure that they meet their overall objectives. Any changes to the current system would need to be considered in an overall policy and budgetary context and also in the context of the sustainability of the Social Insurance Fund.
I hope this clarifies the position for the Deputy.
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