Workers could face tax hikes in October budget

Social Protection Minister Heather Humphreys is expected to bring proposals to Cabinet on the social insurance fund and indicated 'small, gradual increases' in PRSI will be required.

Workers could face tax hikes in the next Budget as the Government considers increasing PRSI to top up funds to pay for future pensions.

It comes after the budget watchdog, the Irish Fiscal Advisory Council (IFAC), has urged the government to take steps now, including increasing PRSI, to ensure the younger, working population, does not have to pay more to fund the retired population in years to come.