Dáil Éireann Debate, Tuesday - 10 October 2023
96. Deputy Ged Nash asked the Minister for Finance if he will outline, in view of the Low Pay Commission's recommendation that the hourly rate of the national minimum wage should rise to €12.70 in 2024, the estimated full-year cost of adjusting USC rates to avoid a cliff edge for full-time workers on the national minimum wage; and if he will make a statement on the matter. [43507/23]
View answerThe Department of Enterprise, Trade and Employment has policy responsibility in relation to the national minimum wage and any changes to the national minimum wage are a matter for that Department and the Minister for Enterprise, Trade and Employment in the first instance.
I am advised by Revenue that the estimated cost of increasing the upper end of the 2nd band of the USC by €2,840 to €25,760 is €115 million and €135 million on a first and full year basis respectively.
