Currently, Class A employers pay PRSI at the rate of 8.5% where weekly earnings are between €38 and €376. Once weekly earnings exceed €376, the rate of employer PRSI is 10.75%.
The increase in the PRSI yield to the Social Insurance Fund from increasing the class A employer PRSI rates by 1%, 2% and 5%, is provided in the table below.
% Increase in Rate of Employer PRSI
|
Increased Yield from Increase in 8.5% Lower Rate
|
Increased Yield from Increase in 10.75% Higher Rate
|
Total Increased Yield
|
1%
|
€36m
|
€683m
|
€719m
|
2%
|
€72m
|
€1,366m
|
€1,438m
|
5%
|
€181m
|
€3,416m
|
€3,597m
|
These estimates are based on the latest available data and reflect macro-economic indicators for 2018 only. It should be noted that the estimates do not take possible changes in employer behaviour arising from increasing the rates of contributions into account.