Wednesday, 2 October 2013

Questions (179, 180, 181)

Michael McGrath

Question:

179. Deputy Michael McGrath asked the Minister for Social Protection the yield that would be achieved from increasing employer's PRSI to 12%, 13%, 14% and 15%, respectively, for the portion of salary over €100,000; and if she will make a statement on the matter. [41366/13]

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Michael McGrath

Question:

180. Deputy Michael McGrath asked the Minister for Social Protection the yield that would be achieved from increasing employer's PRSI to 12%, 13%, 14% and 15%, respectively, for the portion of salary over €125,000; and if she will make a statement on the matter. [41367/13]

View answer

Michael McGrath

Question:

181. Deputy Michael McGrath asked the Minister for Social Protection the yield that would be achieved from increasing employer's PRSI to 12%, 13%, 14% and 15%, respectively, for the portion of salary over €150,000; and if she will make a statement on the matter. [41368/13]

View answer

Written answers (Question to Social)

I propose to take Questions Nos. 179 to 181, inclusive, together.

The table below gives the estimated yield that would be achieved from increasing Employer PRSI from 10.75% to 12%, 13%, 14% and 15% respectively. The percentage increases in Employer PRSI are applied to income in excess of the thresholds specified by the Deputy.

Threshold for higher Employer PRSI

Rate of Employer PRSI

Cost/Yield

No. of Employments

-

-

(€000)

-

€100,000

*12%

29,785

41,160

€100,000

*13%

53,614

41,160

€100,000

*14%

77,442

41,160

€100,000

*15%

101,270

41,160

€125,000

*12%

21,137

24,710

€125,000

*13%

38,047

24,710

€125,000

*14%

54,957

24,710

€125,000

*15%

71,867

24,710

€150,000

*12%

15,874

16,590

€150,000

*13%

28,573

16,590

€150,000

*14%

41,272

16,590

€150,000

*15%

53,972

16,590

*The National Training Fund Levy of 0.70% is included in the contribution.