er 2012 1st Novemb
11 October 2012 Issue 20 - Volume 13
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Self-employed PRSI may rise to 17.3% Foxford Church of Ireland Benefit Horse Ride “Bringing the Community Together”
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The Bishop of Tuam, Killala and Achonry, Rt.Rev. Patrick Rooke pictured at the Foxford Church of Ireland Restoration Benefit Horse Ride, hosted and organised by Barry Redmond, Cloongee House. Also attending the hugely-popular event, now in it's fourth year, were from left Church Warden Patrick Browne, Rev. Wendy Callan, Church Warden Charles Wills, Bishop Rooke, Barry Redmond, Rev.Andrea Wills, Jennifer Ryder, and Cathal O'Haire. Picture Henry Wills - See Full Story on Page 18
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ELF-EMPLOYED people have for many years sought some level of support in the event of business closure which would leave most of them high and dry with no income. If the recommendation of an expert group is accepted by the government they may get something in line with what they are seeking, but will face a large PRSI hike in the budget in return for enjoying the safety net of social welfare benefits. Currently self-employed people pay social insurance contributions at 4 per cent in order to be eligible for their limited entitlements, while employers and employees together pay 14.75 per cent, enabling employees to obtain a greater range of benefits. Minister for Social Protection Joan Burton will be advised to raise the PRSI contribution of selfemployed people by the advisory group on tax and social welfare, with an increase from 4 per cent to 17.3 per cent among the options expected to be presented. Due to the recession, large numbers of previously self-employed people have attempted to access social welfare supports for the first time only to discover their entitlements are limited compared to those available to people who have been employed by others. Self-employed people cannot access jobseeker’s benefit and illness cover, although they get the same State contributory pension provisions as employees. The group’s remit is to establish if social insurance cover for self-employed people was “technically feasible and financially sustainable”. So, undoubtedly, there will be a considerable cost involved in establishing this provision.
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