Dáil Éireann Debate, Tuesday - 14 July 2015
221. Deputy Pearse Doherty asked the Tánaiste and Minister for Social Protection the yield from each of a 1%, 2% and 3% increase in employee pay related social insurance in the first year and full year. [28802/15]
View answer222. Deputy Pearse Doherty asked the Tánaiste and Minister for Social Protection the yield from each of a 1%, 2% and 3% increase in employer pay related social insurance in the first year and in a full year. [28803/15]
View answerI propose to take Questions Nos. 221 and 222 together.
On the basis of the most up to date figures available, the table shows the estimated yield for each of a 1%, 2% and 3% in increase in class A employee and employer PRSI in the first year and a full year.
|
Class A Employee PRSI Yield |
Class A Employer PRSI Yield |
|||
|
Rate increase |
First Year |
Full Year |
First Year |
Full Year |
|
€m |
€m |
€m |
€m |
|
|
1% |
487.5 |
573.5 |
511.8 |
602.1 |
|
2% |
975.0 |
1147.0 |
1023.6 |
1204.2 |
|
3% |
1462.5 |
1720.5 |
1535.4 |
1806.3 |
First year yields are a function of the chosen implementation date of PRSI changes in 2016. If implemented from January, it is estimated that 85% of the full year estimate is realised in the first year.
