Vol. 403 No. 6
62 Mr. Stagg asked the Minister for Social Welfare the loss or estimated loss to the social insurance fund due to the operation of (a) the employee's PRSI contribution ceiling and (b) the employers' PRSI contribution ceiling, for the last three years.
The following table shows the loss to the social insurance fund, including the loss to the occupational injuries fund and the redundancy and employers insolvency fund, which are now amalgamated with the social insurance fund, arising from the operation of the employers and employees ceilings in the last three tax years.
|
Year |
Loss arising from |
|
|
Employees ceiling |
Employers ceiling |
|
|
1987-88 |
£27m |
£61m |
|
1988-89 |
£30m |
£67m |
|
1989-90 |
£33m |
£61m |
63 Mr. Stagg asked the Minister for Social Welfare the cost or estimated cost to the social insurance fund of exempting from the PRSI levy the first £3,250 income of a single person and the first £6,500 of a married couple's income.
It is estimated that the cost of exempting from employee PRSI contributions the first £3,250 of a single person's income and the first £6,500 of a married couple's income would be £160 million approximately.
