Tax changes: Five consecutive increases to PRSI due in coming years 

The tax changes which will begin with two 0.1% increases next October and in 2025. PRSI will jump by a further 0.15% in 2026 and 2027 followed by a 0.2% increase in 2028

Social Protection Minister Heather Humphreys brought the PRSI roadmap to Cabinet, which was agreed on Tuesday morning. File picture: Brian Lawless/PA Wire

Workers and employers are to be hit with five consecutive PRSI increases in the coming years.

The Government has signed off on increases to PRSI each year between 2024 and 2028, which will see the average employee pay an extra €46 a year from next October alone.