STORM TRACKER: Follow 'Storm Amy' as it bears down on Ireland amid brutal forecast
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06 Sept 2025
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06 Sept 2025
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The incremental increases will apply to employers, employees and the self-employed
The Government has agreed on a plan to increase PRSI over the next five years in order to restore the Social Insurance Fund.
The incremental increases will apply to employers, employees and the self-employed.
The hikes will include a 0.1% rise for 2024 and 2025, a 0.15% rise in 2026 and 2027 followed by a 0.2% rise in 2028.
This will see workers pay an extra €46 starting from next October alone in 2024 and €92 by 2028.
The overall increase is expected to raise €240m in a full year.
The increases will ensure that the State Pension age remains at 66 and will also allow for the rollout of a new pay related job seekers' benefit system that will see people who lose their jobs receive enhanced social protection payments for nine months.
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