Dáil Éireann Debate, Tuesday - 4 December 2018
634. Deputy Pearse Doherty asked the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by each one percentage point increase in employers' PRSI; and if she will make a statement on the matter. [50569/18]
View answer635. Deputy Pearse Doherty asked the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by each one percentage point increase in employers’ PRSI on salaries over €100,000; and if she will make a statement on the matter. [50570/18]
View answer636. Deputy Pearse Doherty asked the Minister for Employment Affairs and Social Protection the estimated cost in increasing the employers' PRSI threshold to exclude income under €24,752 from PRSI. [50571/18]
View answerI 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.
