Social Insurance Data

Dáil Éireann Debate, Tuesday - 20 March 2018

Tuesday, 20 March 2018

Ceisteanna (922, 923)

John Brady

Ceist:

922. Deputy John Brady asked the Minister for Employment Affairs and Social Protection the estimated amount which would be raised if employer PRSI was increased by 0.5%. [12858/18]

John Brady

Ceist:

923. Deputy John Brady asked the Minister for Employment Affairs and Social Protection the estimated amount which would be raised if employee PRSI was increased by 0.5%. [12859/18]

Freagraí scríofa

Minister for Employment Affairs and Social Protection

I propose to take Questions Nos. 922 and 923 together.

The estimated amount of PRSI raised by increasing the employee and employer PRSI rates by 0.5% is provided in the following table:

Rate	Estimated Full Year Yield
Increase Employer Lower Rate by 0.5%	€18.2m
Increase Employer Higher Rate by 0.5%	€341.6m
Increase Employee Rate by 0.5%	€343.2m

These estimates are based on PRSI Class A contributors. They use the latest available data and reflect macro-economic indicators for 2018. It should be noted that the estimate does not take into account any possible changes in employer behaviour arising from changing rates of contribution.