The Government has agreed a
series of incremental increases in the rate of Pay-Related Social Insurance (PRSI) contributions for all employers, employees and the self-employed. The stated purpose of the increases is to replenish the Social Insurance Fund and to support the retention of the State pension age at 66 years. The rate of PRSI for all classes will increase by 0.1 percent from October 2024, followed by a further increase of 0.1 percent in 2025. There will be further increases of 0.15 percent in both 2026 and 2027 followed by an increase of 0.2 percent in 2028.
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