The National Training Fund Levy (NTFL), collected alongside Employer PRSI for Classes A and H, increased by 0.1% from 0.8% to 0.9% from 1 January 2019. This means that Employer rates (combined PRSI and NTFL) for Classes A and H increased by 0.1% from 1 January 2019.
Currently, Class A employers pay PRSI at the rate of 8.7% where weekly earnings are between €38 and €386. Once weekly earnings exceed €386, the rate of employer PRSI is 10.95%.
The estimated cost to the Social Insurance Fund of raising the weekly 8.7% threshold to €425.20 and the estimated number of employments impacted by such a change are set out in the following table -
Higher rate threshold
These estimates are based on the latest available data and reflect macro-economic indicators for 2019. It should be noted that the estimates do not take possible changes in employer behaviour arising from changing rate thresholds into account.
I hope this clarifies the matter for the Deputy.