Vol. 497 No. 2
224 Mr. R. Bruton asked the Minister for Finance if the social insurance limit for self-employed, employees and employers has been increased in the framing of the recent Estimates; and the rates that will apply in 1999-2000. [24865/98]
In line with usual policy, the earnings ceilings for social insurance contribution purposes, which underpin the 1999 Estimates as recently published and which will come into operation on 6 April 1999, have been increased in line with the projected movement in earnings. The increases are intended to protect the income to the Social Insurance Fund.
For comparison purposes, the following table sets out the 1998-1999 position and the 1999-2000 annual earnings ceilings:
|
1998/99 |
1999/2000 |
|
|
£ |
£ |
|
|
Employers |
29,000 |
30,500 |
|
Employees |
24,200 |
25,400 |
|
Self-Employed |
24,200 |
25,400 |
|
(or £215 p.a. miminum payment, whichever is the greater) |
(or £215 p.a. minimum payment, whichever is the greater) |
