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Social Insurance Yield

Dáil Éireann Debate, Monday - 11 September 2017

Monday, 11 September 2017

Questions (1909)

Thomas P. Broughan

Question:

1909. Deputy Thomas P. Broughan asked the Minister for Employment Affairs and Social Protection the estimated additional revenue that would be generated if the higher rate of PRSI of 10.75% was increased to 12.75% for persons earning over €110,000; and if she will make a statement on the matter. [38651/17]

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Written answers

The estimated additional revenue that would be generated if the higher rate of PRSI of 10.75% was increased to 12.75% for persons earning over €110,000 is €119m.

This estimate is based on the latest available data and reflects macro-economic indicators for 2018 only. It should be noted that the estimates do not take possible changes in behaviour arising from increasing the rates of contribution into account.

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