Not good at maths, would this work ?

fatboypee

Sitting at home, sick with Swine-Flu, in my delirium state I pondered, if the government want to bring in extra revenue, how about offering an option on PRSI to include a kind of long term sickness benefit for, say 2/3rds of your pay (clearly limited, weighted etc etc) that would kick in, say, if you were ill for more than your company would pay out for up to say a year, or 6 months...

Maybe they could even offset it to an insurance underwriter or something...

I would go for that if it meant I got cover at a better price than the rip off insurance co's charge.

Probably would'nt work due to age, health etc reasons, but if it could be found to work, the govt' would get considerable revenue in return?

just a mad idea... blame the delirium

FBP.

ei.sdraob

someone on average salary of €32000 a year pays about €1500 in PRSI

that will cover a whole one month on the dole...

think about that

Riskymove

ei.sdraob wrote: »

someone on average salary of €32000 a year pays about €1500 in PRSI

is PRSI not over 10%?

ei.sdraob

Riskymove wrote: »

is PRSI not over 10%?

no

PRSI paid by employee on 32K is about 1K

http://download.pwc.com/ie/pubs/financebill/calc1.html?grosssalary=32000&salary2=0&salary3=0&netsalary=32000&status=1&prsicategory=1&pensions=&investments=&otherincome=&healthbik=&companycarvalue=&clubsbik=&otherbik=&prefloanmortgage=N&mortgagerelief=N&firsttimebuyer=N&loaninterestpaid=&loaninterestrate=&Submit=Calculate+My+Tax


now theres also PRSI/PAYE than needs to be paid by employer as well, i think thats what your referring too?

i cant find up to date figures, i usually leave that to accountant

anyone can help with calculations/figures?


basically the point is, someone on average salary, is only contributing a months or so worth of insurance towards welfare per year

Riskymove

ei.sdraob wrote: »

basically the point is, someone on average salary, is only contributing a months or so worth of insurance towards welfare per year

sure...I get that and I agree

the figures just struck me as very low..I had a look and your right its employer PRSI thats 8.5% or 10.75% depending on salary

employee is now 4% prsi and 4% health levy