Dáil Éireann Debate, Tuesday - 27 September 2016
366. Deputy Richard Boyd Barrett asked the Minister for Social Protection the projected yield if employer’s PRSI were to be raised to 13.75% on the portion of employee's income above €100,000. [27503/16]
Amharc ar fhreagraIn 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.
A 3% increase in the 10.75% rate of class A employer PRSI to 13.75%, for earnings in excess of €100,000, would yield the following:
|
New Employer Rate of 13.75% for Earnings over €100,000 |
Full Year Yield |
Employments Affected |
|
13.75% |
€198.8 million |
226,115 |
