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Social Insurance

Dáil Éireann Debate, Tuesday - 27 June 2023

Tuesday, 27 June 2023

Questions (420)

Richard Boyd Barrett

Question:

420. Deputy Richard Boyd Barrett asked the Minister for Social Protection the full-year revenue that would be generated by establishing a new employer PRSI rate of 19.75% on any salaries paid over €90,000 per year; and if she will make a statement on the matter. [31000/23]

View answer

Written answers

The estimated full year revenue that would be generated by establishing a new employer PRSI rate of 19.75% on any salaries paid over €90,000 per year is approximately €985.7 million.

This estimate does not take into account any possible changes in employer or employee behaviour arising from changing the rate of employer PRSI contribution.

I trust this clarifies the matter for the Deputy.

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