I propose to take Questions Nos. 179 to 181, inclusive, together.
The table below gives the estimated yield that would be achieved from increasing Employer PRSI from 10.75% to 12%, 13%, 14% and 15% respectively. The percentage increases in Employer PRSI are applied to income in excess of the thresholds specified by the Deputy.
Threshold for higher Employer PRSI
|
Rate of Employer PRSI
|
Cost/Yield
|
No. of Employments
|
-
|
-
|
(€000)
|
-
|
€100,000
|
*12%
|
29,785
|
41,160
|
€100,000
|
*13%
|
53,614
|
41,160
|
€100,000
|
*14%
|
77,442
|
41,160
|
€100,000
|
*15%
|
101,270
|
41,160
|
€125,000
|
*12%
|
21,137
|
24,710
|
€125,000
|
*13%
|
38,047
|
24,710
|
€125,000
|
*14%
|
54,957
|
24,710
|
€125,000
|
*15%
|
71,867
|
24,710
|
€150,000
|
*12%
|
15,874
|
16,590
|
€150,000
|
*13%
|
28,573
|
16,590
|
€150,000
|
*14%
|
41,272
|
16,590
|
€150,000
|
*15%
|
53,972
|
16,590
|
*The National Training Fund Levy of 0.70% is included in the contribution.