Social Insurance Yield

Dáil Éireann Debate, Thursday - 13 December 2012

Thursday, 13 December 2012

Questions (104)

Róisín Shortall

Question:

104. Deputy Róisín Shortall asked the Minister for Social Protection the estimated yield for every 0.1 of a percent added to the rate of employee PRSI; and the rate increase required to provide for a yield of €265 million in 2013 and €289 million in a full year. [56167/12]

Written answers

Minister for Social Protection

It is estimated that the full year yield for a 1% increase in the rate of employee PRSI would be in the region of €383 million. To provide a yield of €265 million in 2013 and €289 million for a full year an increase of approximately 0.75% in employee PRSI would be required.