Dáil Éireann Debate, Tuesday - 15 July 2014
375. Deputy Kevin Humphreys asked the Tánaiste and Minister for Social Protection the yield from the extension of PRSI to unearned income for first six months of 2014; the projected outturn for this period and for the year as a whole; and if she will make a statement on the matter. [31032/14]
Amharc ar fhreagraIn Budget 2013 it was announced that from 1 January 2014, the exemption from PRSI applying to employed contributors and occupational pensioners aged under 66 years, whether that pension arises from that person’s own employment or the employment of his or her spouse or civil partner, whose only additional income is unearned income, will be abolished. This means that unearned income such as rental income, investment income, dividends and interest on deposits and savings will be liable to PRSI at 4% provided the person is a chargeable person in accordance with the Revenue definition.
At the time the measure was announce it was estimated that the yield for this measure would be €14m in 2014 and €20 million in a full year. At this point it is not possible to provide the actual yield as a breakdown of PRSI receipts for the year to date is not available.
