332. Deputy Kevin Humphreys asked the Minister for Social Protection if she will confirm that if a person was self-employed with an investment income of €10 million per annum made up from sources that included rental income, dividends from publicly traded shares and interest from bank savings, that they would be liable to PRSI of 4% on that income, but if they were to then become employed at the minimum wage through the PAYE system whilst continuing to earn €10 million of investment income that they would no longer be liable for PRSI on that investment income; and if she will make a statement on the matter. [44626/12]

Summary

332. Deputy Kevin Humphreys asked the Minister for Social Protection if she will confirm that if a person was self-employed with an investment income of €10 million per annum made up from sources that included rental income, dividends from publicly traded shares and interest from bank savings, that they would be liable to PRSI of 4% on that income, but if they were to then become employed at the minimum wage through the PAYE system whilst continuing to earn €10 million of investment income that they would no longer be liable for PRSI on that investment income; and if she will make a statement on the matter. [44626/12]

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Timeline

1. 16 October 2012

   Social Insurance Issues

   332. Deputy Kevin Humphreys asked the Minister for Social Protection if she will confirm that if a person was self-employed with an investment income of €10 million per annum made up from sources that included rental income, dividends from publicly traded shares and interest from bank savings, that they would be liable to PRSI of 4% on that income, but if they were to then become employed at the minimum wage through the PAYE system whilst continuing to earn €10 million of investment income that they would no longer be liable for PRSI on that investment income; and if she will make a statement on the matter. [44626/12]

   Source: written

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• Social Insurance Issues

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• Humphreys, Kevin. · Asking member
• Social · Social · Addressed to

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