Tuesday, 15 May 2018

Ceisteanna (524)

Pearse Doherty

Ceist:

524. Deputy Pearse Doherty asked the Minister for Employment Affairs and Social Protection the estimated revenue that would be raised by introducing a new employers’ rate of pay related social insurance of 15.75% on the portion of salary paid in excess of €100,000 per annum. [21192/18]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Employment)

It is estimated that increasing the rate of pay related social insurance to 15.75% on the portion of salary paid in excess of €100,000 per annum would yield €323.2 million in a full year.

This estimate is based on PRSI Class A contributors. It uses the latest available data and reflects 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.