PRSI Contributions Could Rise

Saturday, 11 September 2021 11:23

By Ross Lindsay

Draft report recommends increase to pay for delayed rise of pension age.

Workers could see a hike in their PRSI contributions in the coming years to pay for the delayed increase to the state pension age.

A draft Pension Commissions report, seen by the Irish Independent, is recommending increases for the self-employed of 4 to 11 percent.

Employees would also see an increase after 2030, rising to 1.35 percent by 2040.

The pension age was set to rise from 66 to 67 this year, but it has now been postponed until 2031.

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