Dáil Éireann Debate, Thursday - 26 June 2014
111. Deputy Michael McGrath asked the Minister for Social Protection the income raised in 2013 from the abolition of the weekly employee PRSI allowance; and if she will make a statement on the matter. [27784/14]
Amharc ar fhreagraPrior to January 2013, where an employee’s weekly earnings exceeded €352, he or she was liable to pay PRSI on all earnings, less the weekly PRSI free allowance of €127. (For persons paying PRSI at the modified rate of contribution, the PRSI free allowance was €26.) This allowance was abolished in Budget 2013 and PRSI is now payable on all earnings once the €352 weekly threshold is exceeded. When implemented it was estimated that this measure would yield €265 million in 2013 and €289 million in a full year, which contributes substantially towards supporting the future sustainability of the Social Insurance Fund.
