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Tax Reliefs Cost

Dáil Éireann Debate, Tuesday - 30 April 2013

Tuesday, 30 April 2013

Ceisteanna (280)

Pearse Doherty

Ceist:

280. Deputy Pearse Doherty asked the Minister for Social Protection the annual cost to the Exchequer of reinstating the PRSI exemption. [20056/13]

Amharc ar fhreagra

Freagraí scríofa

The Employee’s PRSI free allowance, to which I presume the Deputy is referring, amounted to €127 per week (for those paying PRSI Class A, E and H) and €26 per week (for those paying PRSI Class B, C, and D). The allowance was abolished as part of Budget 2014, with effect from 1 January 2013. The PRSI free allowance was available to those with weekly earnings over €352 and who pay employee PRSI.

The annual reduction in income to the Social Insurance Fund of reinstating the PRSI-Free Allowance would be €289m in a full year.

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