Vol. 511 No. 2
83 Mr. R. Bruton asked the Minister for Finance if the social insurance limits, threshold or exemptions for self-employed, employers and employees have been increased in framing the recent Estimates; and the rate of social insurance contribution which will apply in each case in 2000 to 2001. [23937/99]
In accordance with normal policy in the matter, the earnings ceilings for social insurance contribution purposes, which underpin the 2000 Estimates as recently published and which will come into operation on 6 April 2000, have been assumed to increase in line with the projected movement in earnings. Such increases are intended to protect the income to the Social Insurance Fund.
The following table sets out the current position (1999/2000) and the 2000/2001 annual earnings ceilings:
|
1999/2000 |
2000/2001 |
|
|
Employers |
£35,000 |
£36,600 |
|
Employees |
£25,400 |
£26,500 |
|
Self-Employed |
£25,400 |
£26,500 |
|
(or £215 p.a. minimum payment, whichever is the greatest). |
(or (215 p.a. minimum payment, whichever is the greatest). |
84 Mr. R. Bruton asked the Minister for Finance the plans, if any, he has to move over entirely to a system of tax credits in 2000-01; and if this will necessitate the standard rating of existing allowances, for example, medical expenses, employment of a home help by an incapacitated person and for those employed for over one year who return to the workforce. [23938/99]
As I stated in my speech to the House on 9 November 1999 during Private Members' Business, I will announce the timetable for completion of the move to a full tax credits system on budget day.
The Deputy will understand if I do not go into any more detail in advance of the budget.
