I propose to take Questions Nos. 634 to 636, inclusive, together.
The information requested by the Deputy is contained in the table.
|
Revenue/Cost
|
Employments affected
|
1% Increase in Employer's PRSI
|
€778.6m
|
2,950,241
|
1% increase in employer's PRSI on salaries over €1,923 per week
|
€69.12m
|
247,218
|
Increasing the employers’ PRSI threshold to exclude income under €24,752 from PRSI.
|
€474.6m
|
930,102
|
These estimates are based on PRSI Class A contributions. They use the latest available data and reflect macro-economic indicators for 2019. They also reflect the planned increase in the lower threshold for employer PRSI from €376 to €386 from 1 January 2019.
It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.