Dáil Éireann Debate, Thursday - 18 July 2013
303. Deputy Kevin Humphreys asked the Minister for Social Protection the yield from a 1% and 2% increase, respectively, in the employer's PRSI rate that applies to employee salaries over €65,000 and €100,000, respectively; and if she will make a statement on the matter. [36278/13]
View answer304. Deputy Patrick Nulty asked the Minister for Social Protection the amount of money that would be raised in a full year by introducing a third band of employer's PRSI that would be charged on the portion of salaries above €100,000 at 13%; the amount that would be raised at 15%; the amount that would be raised at 18%; and if she will make a statement on the matter. [36748/13]
View answer305. Deputy Patrick Nulty asked the Minister for Social Protection the amount of money that would be raised in a full year by introducing a third band of employer’s PRSI that would be charged on the portion of salaries above €80,000 at 13%; the amount that would be raised at 15%; the amount that would be raised at 18%; and if she will make a statement on the matter. [36749/13]
View answer306. Deputy Patrick Nulty asked the Minister for Social Protection the amount of money that would be raised in a full year by introducing a third band of employer’s PRSI that would be charged on the portion of salaries above €65,000 at 13%; the amount that would be raised at 15%; the amount that would be raised at 18%; and if she will make a statement on the matter. [36750/13]
View answerI propose to take Questions Nos. 303 to 306, inclusive, together.
The following estimates are based on the latest data available to the Department. Full year costs/yields are shown. First year costs/yields are a function of the chosen implementation date of PRSI changes in 2014. The following costings are based on Class A Employer rates of the indicated rates and do not include the amount raised for the National Training Fund Levy, which is 0.7% on the Employer's PRSI higher rate and 0.35% on the Employer's PRSI lower rate.
The following table refers to the question from Deputy Humphreys:
|
Salary Greater than |
Percentage increase |
No. of employments affected |
|
- |
10.75% to 11.75% |
10.75% to 12.75% |
- |
|
€ |
€m |
€m |
- |
|
65,000 |
130 |
260 |
133,700 |
|
100,000 |
65 |
131 |
45,090 |
The following table refers to the questions from Deputy Nulty:
|
Salary greater than |
Percentage increase |
No. of employments affected |
|
- |
13% |
15% |
18% |
- |
|
€ |
€m |
€m |
€m |
- |
|
65,000 |
113 |
214 |
365 |
133,700 |
|
80,000 |
82 |
155 |
264 |
77,800 |
|
100,000 |
58 |
110 |
188 |
45,090 |
The yield in the reply to Deputy Humphreys' question is higher than that in the replies to Deputy Nulty's questions. This is because Deputy Nulty requested the yield from the possible introduction of a third band of PRSI which would apply to the portion of income over the various levels of income while Deputy Humphreys requested the yield from the possible introduction of a higher rate of PRSI on all liable income.
