Written answers
Tuesday, 23 July 2024
Department of Employment Affairs and Social Protection
Tax Collection
Gerald Nash (Louth, Labour)
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1366.To ask the Minister for Employment Affairs and Social Protection the projected yield from every 0.1% increase in employer’s PRSI or self-employment PRSI; to provide the individual yield from each class of PRSI, in tabular form; and if she will make a statement on the matter. [32721/24]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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The table below shows the estimated additional revenue that would be raised by increasing both the employer and self-employed rates on each class of PRSI by 0.1 percentage points.
These figures are assuming the increases come into effect from 1 January 2025 and are rounded to the nearest €1 million.
I trust this clarifies the matter for the Deputy.
| PRSI Classes | Current Rates | 2025 Rate | 2025 Estimated Additional Yield (€ million) |
|---|---|---|---|
| A (Employer) | 8.8%/11.05% | 8.9%/11.15% | 114 |
| B (Employer) | 2.01% | 2.11% | 1 |
| C (Employer) | 1.85% | 1.95% | 0 |
| D (Employer) | 2.35% | 2.45% | 3 |
| E (Employer) | 6.87% | 6.97% | 0 |
| H (Employer) | 10.35% | 10.45% | 0 |
| J | 0.50% | 0.60% | 1 |
| K | 4% | 4.10% | 2 |
| S | 4% | 4.10% | 17 |
| P | 4% | 4.10% | 0 |
| Total | 138 |
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