Brendan Burgess
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0.1% from Oct 2024 next year to fund future pensions.
Pay related benefit to be introduced in SW Bill.
Pay related benefit to be introduced in SW Bill.
PRSI contribution rates to be increased
- Thread starter Brendan Burgess
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newirishman
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Not a huge increase, but still annoying. I do not think I am getting much value from my PRSI payments to be honest.
Steven Barrett
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You do know it's just a tax?
My understanding is, this is an Employer only increase, to help with the Government contribution costs, to EE pensions, which resulted from the new auto enrollment scheme
deadlyduck
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Has anyone a link showing new thresholds for the various PRSI classes? Might be a bit early but I can't find anything on www.welfare.ie
I don't think that there are any changes in that respect. Just the 0.1% rate increases.
Steven Barrett
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...earning over €100,000
If they are paying a mortgage and childcare costs they are still going to be struggling financially. Someone on €100,000 a year with a €300,000 mortgage and a couple of kids in childcare will have the same income after those expenses and payroll taxes and someone with no children or mortgage earning €30,000 a year....earning over €100,000
Good. Now if they could just make Universal Social Charge Universal, as in make everyone pay it, that would be great.
The tax band is too narrow and marginal rates are too high. By European standards the low paid are under taxes and the high paid are over taxed.
Ignoring rent?
Renters are worse off again.
At the risk of sounding like a broken record it's a great example of the difference between wealth and income. There are lots of very wealthy people on modest incomes and there are lots of people on high incomes with no wealth paying vast amounts of their after tax income for the use of someone else's wealth. In this case renting wealth (in the form of a house) or borrowing capital to acquire wealth (in the form of a mortgage).
These are choices people make. Children grow up and the mortgage is paid off (eventually!).
People choose to not be homeless... they also choose to eat.
PRSI rates to increase every year till 2028 to "support the retention of the State Pension Age at 66"
More transfer of wealth from the young to the old. Outrageous.PRSI rates to increase every year till 2028 to "support the retention of the State Pension Age at 66"