Dáil Éireann Debate, Tuesday - 7 July 2020
516. Deputy Thomas Pringle asked the Minister for Employment Affairs and Social Protection the estimated additional revenue that would be generated in a full year if the class S PRSI rate increased by 0.6%; and if she will make a statement on the matter. [14302/20]
Amharc ar fhreagraIt is estimated that an additional €78 million in revenue would be generated in a full year from an increase to the current Class S rate of PRSI of 4% to 4.6%.
This estimate is based on the latest available data and reflects macro-economic indicators for 2020.
The estimate does not take into account any possible changes in contributor behaviour arising from increasing the rate of contribution.
I trust this clarifies the matter for the Deputy.
