Written answers

Tuesday, 27 June 2023

Department of Employment Affairs and Social Protection

Social Insurance

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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420. To ask the Minister for Employment Affairs and Social Protection the full-year revenue that would be generated by establishing a new employer PRSI rate of 19.75% on any salaries paid over €90,000 per year; and if she will make a statement on the matter. [31000/23]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated full year revenue that would be generated by establishing a new employer PRSI rate of 19.75% on any salaries paid over €90,000 per year is approximately €985.7 million.

This estimate does not take into account any possible changes in employer or employee behaviour arising from changing the rate of employer PRSI contribution.

I trust this clarifies the matter for the Deputy.

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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421. To ask the Minister for Employment Affairs and Social Protection the full-year revenue that would be generated by increasing the 11.05% employer's PRSI rate to 13.05% on salaries paid below €90,000 per year; and if she will make a statement on the matter. [31001/23]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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The estimated full year revenue that would be generated by increasing the 11.05% employers PRSI rate to 13.05% on salaries paid below €90,000 per year and leaving the current rate of 11.05% for those earning over €90,000 per year is approximately €1.574 billion.

This estimate does not take into account any possible changes in employer or employee behaviour arising from changing the rate of employer PRSI contribution.

I trust this clarifies the matter for the Deputy.

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