Dáil Éireann Debate, Tuesday - 22 September 2020
496. Deputy Ged Nash asked the Minister for Social Protection the estimated additional revenue that would be raised by adjusting the level of social insurance contributions for self-employed workers class S PRSI from 4% to 5.75% and 7.5%, respectively; and if she will make a statement on the matter. [25122/20]
View answerThe estimated additional revenue that would be raised by adjusting the rate of the social insurance Class S contribution for self-employed workers from 4% to 5.75% and to 7.50% respectively would be €230m and €465m respectively.
This estimate does not take into account any possible changes in self-employed worker behaviour arising from increasing the rate of the Class S PRSI contribution. Nor does it take into consideration any of the impacts arising from the measures being taken to deal with the COVID-19 pandemic.
I trust this clarifies the matter for the Deputy.
