Plan to hike up PRSI for self employed

A Government-sponsored report into social welfare insurance for the self-employed is expected to recommend a hike in PRSI payments in return for welfare protection for long-term injuries or sickness.

Plan to hike up PRSI for self employed

Today, the third report of the Advisory Group on Tax and Social Welfare, set up by Social Protection Minister Joan Burton, will recommend a PRSI increase from 4% to 5.5% for the country’s 300,000 self-employed workers.

If the Labour minister seeks to implement the tax hike, it will set her on a collision course with her Fine Gael coalition partners, who are strongly opposed to any income tax increases which they believe are “anti-jobs”.

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