asked the Minister for Social Welfare the amount of extra estimated revenue which will be received in 1986 and 1987 as a result of the following changes in the budget under each heading: (a) PRSI earnings ceiling increased from £13,800 to £14,700; (b) redundancy and employers' insolvency fund contribution increased from 0.5 per cent to 0.6 per cent; (c) occupational injuries fund contribution increased from 0.4 per cent to 0.43 per cent; (d) the 1 per cent ceiling health contribution increased from £13,000 to £14,000; and (e) pay-related benefit floor deductions increased from £49 to £58.
Written Answers. - Estimated Extra Revenue.
40.
The information is as follows:
|
1986 |
1987 |
|
|
£m |
£m |
|
|
(a) Social Insurance Fund — additional income from increasing the earnings ceiling from £13,800 to £14,700. |
3 |
11 |
|
(b) Redundancy and Employers' Insolvency Fund — additional income from increasing the earnings ceiling from £13,800 to £14,700 and increasing the rate of contribution from 0.5% to 0.6%. |
3.2 |
5.5 |
|
(c) Occupational Injuries Fund — additional income from increasing the ceiling from £13,800 to £14,700 and increasing the rate of contribution from 0.4% to 0.43%. |
1.3 |
2.4 |
|
(d) Health contribution — additional income from increasing the earnings ceiling from £13,000 to £14,000. |
0.2 |
2.1 |
|
(e) Pay-related benefit — Saving from increasing the floor from £49 to £58 — new claims from April 1986 only affected |
2.8 |
6.8 |