Kathleen Funchion
Question:1020. Deputy Kathleen Funchion asked the Minister for Social Protection the number yield in 2024 if the employer PRSI rate of 11.05% increased to 13% on the portion of wages in excess of €125,000. [38145/23]
View answerMonday, 11 September 2023
Questions (1020)
Written answers
The estimated additional revenue that would be generated if the higher rate of the employer social insurance contribution rose by 1.95% from 11.05% to 13% on the portion of wages in excess of €125,000 per year would be €140.3 million.
This estimate does not take into account any possible changes in employer behaviour arising from increasing the employer social insurance contribution rate.
I trust this clarifies the matter for the Deputy.