Vol. 394 No. 8
243 Mr. Noonan (Limerick East) asked the Minister for Social Welfare the return to the Exchequer by increasing the income ceiling for PRSI payments by: (a) £1,000 (b) £2,000 (c) £3,000 (d) £4,000 (e) £5,000 (f) £6,000 (g) £7,000 (h) £8,000 (i) £9,000 and (j) £10,000.
246 Mr. Noonan (Limerick East) asked the Minister for Social Welfare the return to the Exchequer from removing the income ceiling on PRSI payments.
It is proposed to take Questions Nos. 243 and 246 together.
The estimated full-year returns to the Social Insurance Fund by increasing the current income ceilings as indicated are as follows:
|
Ceiling Increases |
Yields |
|
£m |
|
|
Increasing ceilings by £1,000 |
13 |
|
Increasing ceilings by £2,000 |
24 |
|
Increasing ceilings by £3,000 |
34 |
|
Increasing ceilings by £4,000 |
42 |
|
Increasing ceilings by £5,000 |
49 |
|
Increasing ceilings by £6,000 |
55 |
|
Increasing ceilings by £7,000 |
62 |
|
Increasing ceilings by £8,000 |
64 |
|
Increasing ceilings by £9,000 |
68 |
|
Increasing ceilings by £10,000 |
71 |
|
Removing the ceilings |
97 |
244 Mr. Noonan (Limerick East) asked the Minister for Social Welfare the cost to the Exchequer of relieving the first (a) £1,000 (b) £2,000 and (c) £2,500 of income from (i) employer PRSI and (ii) employee PRSI.
245 Mr. Noonan (Limerick East) asked the Minister for Social Welfare the cost to the Exchequer of relieving the first £3,000 on income from PRSI payments for all persons at present liable for (a) employee PRSI and (b) employer PRSI.
It is proposed to take Questions Nos. 244 and 245 together.
The estimated full year cost to the Social Insurance Fund of relieving various parts of income from (a) employee PRSI and (b) employer PRSI are as follows:
|
Employee |
Employer |
|
|
£m |
£m |
|
|
First £1,000 |
45 |
92 |
|
First £2,000 |
85 |
175 |
|
First £2,500 |
97 |
199 |
|
First £3,000 |
115 |
236 |
