Dáil Éireann Debate, Tuesday - 12 December 2023
463. Deputy Pearse Doherty asked the Minister for Social Protection the estimated revenue that will be raised in each of the years 2024 to 2030 by the proposed increases in all classes of PRSI by 0.1 percentage points in 2024 and 2025, 0.15 percentage points in 2026 and 2027, and 0.2 percentage points in 2028, disaggregated by PRSI class, employer, employee and self-employed, in tabular form. [54577/23]
View answerThe table below includes the estimated PRSI revenue that would be raised for each of the rate increases in the years concerned. I will shortly bring forward primary legislation to give effect to the future changes in PRSI out to 2028.
I trust this clarifies the matter for the Deputy.
|
PRSI Classes |
2024 Rate (1 Oct 2024) - 0.1% increase |
2024 Estimated Yield (€ million) |
2025 Rate - 0.1% increase |
2025 Full Year Estimated Yield (€ million) |
2026 Rate - 0.15% increase |
2026 Full Year Estimated Yield (€ million) |
2027 Rate - 0.15% increase |
2027 Full Year Estimated Yield (€ million) |
2028 Rate - 0.2% increase |
2028 Full Year Estimated Yield (€ million) |
2029 Rate |
2029 Estimated Yield (€ million) |
2030 Rate |
2030 Estimated Yield (€ million) |
|
A (employee) |
4.1% |
17 |
4.2% |
217 |
4.35% |
400 |
4.5% |
602 |
4.7% |
881 |
4.7% |
915 |
4.7% |
944 |
|
A (employer) |
8.9%/11.15% |
18 |
9%/11.25% |
228 |
9.15%/11.4% |
418 |
9.3%/11.55% |
625 |
9.5%/11.75% |
913 |
9.5%/11.75% |
947 |
9.5%/11.75% |
977 |
|
B (employee) |
1%/4.1% |
0 |
1.1%/4.2% |
2 |
1.25%/4.35% |
4 |
1.4%/4.5% |
6 |
1.6%/4.7% |
9 |
1.6%/4.7% |
9 |
1.6%/4.7% |
10 |
|
B (employer) |
2.11% |
0 |
2.21% |
2 |
2.36% |
4 |
2.51% |
6 |
2.71% |
9 |
2.71% |
9 |
2.71% |
10 |
|
C (employee) |
1%/4.1% |
0 |
1.1%/4.2% |
0 |
1.25%/4.35% |
0 |
1.4%/4.5% |
0 |
1.6%/4.7% |
0 |
1.6%/4.7% |
0 |
1.6%/4.7% |
0 |
|
C (employer) |
1.95% |
0 |
2.05% |
0 |
2.2% |
0 |
2.35% |
0 |
2.55% |
0 |
2.55% |
0 |
2.55% |
0 |
|
D (employee) |
1%/4.1% |
1 |
1.1%/4.2% |
6 |
1.25%/4.35% |
10 |
1.4%/4.5% |
16 |
1.6%/4.7% |
24 |
1.6%/4.7% |
25 |
1.6%/4.7% |
26 |
|
D (employer) |
2.45% |
1 |
2.55% |
6 |
2.7% |
10 |
2.85% |
16 |
3.05% |
24 |
3.05% |
25 |
3.05% |
26 |
|
E (employee) |
3.43% |
0 |
3.53% |
0 |
3.68% |
0 |
3.83% |
0 |
4.03% |
0 |
4.03% |
0 |
4.03% |
0 |
|
E (employer) |
6.97% |
0 |
7.07% |
0 |
7.22% |
0 |
7.37% |
0 |
7.57% |
0 |
7.57% |
0 |
7.57% |
0 |
|
H (employee) |
4% |
0 |
4.1% |
1 |
4.25% |
1 |
4.4% |
2 |
4.6% |
3 |
4.6% |
3 |
4.6% |
3 |
|
H (employer) |
10.45% |
0 |
10.55% |
1 |
10.7% |
1 |
10.85% |
2 |
11.05% |
3 |
11.05% |
3 |
11.05% |
3 |
|
J |
0.6% |
0 |
0.7% |
2 |
0.85% |
4 |
1% |
7 |
1.2% |
10 |
1.2% |
10 |
1.2% |
10 |
|
K |
4.1% |
1 |
4.2% |
3 |
4.35% |
5 |
4.5% |
8 |
4.7% |
13 |
4.7% |
13 |
4.7% |
14 |
|
M |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
0% |
0 |
|
S |
4.1% |
17 |
4.2% |
35 |
4.35% |
64 |
4.5% |
97 |
4.7% |
142 |
4.7% |
147 |
4.7% |
152 |
|
P |
4.1% |
0 |
4.2% |
0 |
4.35% |
0 |
4.5% |
0 |
4.7% |
0 |
4.7% |
0 |
4.7% |
0 |
