Niall Collins
Question:1887. Deputy Niall Collins asked the Minister for Employment Affairs and Social Protection the estimated cost to the Exchequer of a proposal (details supplied) in tabular form. [38310/17]
View answerMonday, 11 September 2017
Questions (1887)
Written answers
The cost of adjusting the class A PRSI employer’s rate for those earning less than €380 per week is contained in the table below.
|
New Rate |
Cost |
|
8.00% |
€19.5m |
|
7.75% |
€28.7m |
|
7.50% |
€37.9m |
|
7.25% |
€47.1m |
|
7.00% |
€56.3m |
|
6.75% |
€65.5m |
|
6.50% |
€74.7m |
|
6.25% |
€83.9m |
|
6.00% |
€93.1m |
|
5.75% |
€102.3m |
|
5.50% |
€111.4m |
|
5.25% |
€120.6m |
|
5.00% |
€129.8m |
|
4.75% |
€139.0m |
|
4.50% |
€148.2m |
|
4.25% |
€157.4m |
|
4.00% |
€166.6m |
These estimates are based on the latest available data and reflect macro-economic indicators for 2018. It should be noted that the estimates do not take into account any possible changes in employer behaviour arising from the rate changes.