Dáil Éireann Debate, Tuesday - 21 May 2019
619. Deputy Pearse Doherty asked the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by introducing a new employers’ rate of pay-related social insurance, PRSI, of 12.75%, 13.75%, 14.75% and 15.75%, respectively, on the portion of salary paid in excess of €100,000 per annum. [21950/19]
View answerThe information requested by the Deputy is contained in the following table.
|
Increase in Employer PRSI rate on earnings over €100,00 to: |
Yield |
Employments affected |
|
12.75% |
€127.0m |
251,592 |
|
13.75% |
€197.6m |
251,592 |
|
14.75% |
€268.1m |
251,592 |
|
15.75% |
€338.7m |
251,592 |
These estimates are based on PRSI Class A contributions. They use the latest available data and reflect macro-economic indicators.
It should be noted that these estimates do not take into account any possible changes in employer behaviour arising from changing rates of contribution.
I hope this clarifies the matter for the Deputy.
