Tuesday, 21 May 2019

Questions (619)

Pearse Doherty

Question:

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 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 answer

Written answers (Question to Employment)

The 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.