Dáil
Written answer
Tax Code
Summary
Raising the Class A employer PRSI threshold from €552 to €708 weekly, covering €18.15-per-hour full-time workers, would cost an estimated €254 million.
789. Deputy Pearse Doherty asked the Minister for Social Protection the estimated cost of increasing the lower rate of PRSI currently set in line with minimum wage to €18.15. [65495/26]
Comment on this
The Department interprets this question as a request for the estimated cost of raising the Class A employer PRSI threshold from €552 to €708 per week. The adjustment would cover employers of full-time workers (39 hours per week) earning a wage of €18.15 per hour (€707.85 per week). The estimated cost of this proposal is €254 million.
I trust this clarifies the matter for the Deputy.