Richard Boyd Barrett
Ceist:367. Deputy Richard Boyd Barrett asked the Minister for Social Protection the projected yield if employer’s PRSI were to be raised to 19.75% on the portion of employees income above €100,000. [27504/16]
Amharc ar fhreagraTuesday, 27 September 2016
Ceisteanna (367)
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.
An increase in the 10.75% rate of class A employer PRSI to 19.75%, for earnings in excess of €100,000, would yield the following:
|
New Employer Rate for Earnings over €100,000 |
Full Year Yield |
Employments Affected |
|
19.75% |
€596.5 million |
226,115 |