Richard Boyd Barrett
Ceist:365. Deputy Richard Boyd Barrett asked the Minister for Social Protection the projected yield if employer’s PRSI were to be raised to 2%, by 4% and by 6% across all employers. [27502/16]
Amharc ar fhreagraTuesday, 27 September 2016
Ceisteanna (365)
Freagraí scríofa
In general, employers of class A employees pay PRSI at the rate of 10.75%, or at the rate of 8.5% where the employee’s weekly earnings are €376 or less.
It is presumed that Deputy is referring to a 2% increase in both rates of class A employer PRSI, as well as increases of 4 % and 6% in these class A employer PRSI rates.
On this basis, the information requested by the Deputy is contained in the following table.
|
Employer PRSI Rate Increase |
2% |
4% |
6% |
|
Full Year Yield |
€1,342.8 million |
€2,687.7 million |
€4,028.5 million |