Neale Richmond
Question:164. Deputy Neale Richmond asked the Tánaiste and Minister for Enterprise, Trade and Employment the changes made to the minimum wage in Budget 2022; and if he will make a statement on the matter. [54311/21]
View answerThursday, 9 December 2021
Questions (164)
Written answers
On 12 October 2021 the Government accepted the recommendation from the Low Pay Commission to increase the National Minimum Wage to €10.50 per hour from 1 January 2022.
This represents a 30-cent increase, or just under 3%, on the current National Minimum Wage of €10.20 per hour and will see at least an estimated 135,000 people get a boost to their wages. As a result of this increase to the National Minimum Wage, the Minimum Wage rates for those aged 19 and under will also increase. Details of these relevant changes are set out in the accompanying table.
In order to ensure that the increase in the National Minimum Wage does not result in employers attracting a higher level of PRSI charge solely due to this increase, the employer PRSI threshold will increase from €398 currently to €410 from 1 January 2022.
|
Category of Employee |
Hourly Rate |
|
Aged 20 and over |
€10.50 |
|
Under 18 |
€7.35 |
|
Aged 18 |
€8.40 |
|
Aged 19 |
€9.45 |