Tax

PRSI to increase by 0.2% by 2028 to maintain state pension age

Incremental increases to employer, employee and self-employed Prsi rates will come into force in January

Among reforms to the state pension system include the introduction of flexible access to the state’s contributory scheme, to allow people who defer their pension at age 66 to receive an actuarially adjusted higher payment rate up to age 70. Picture: Getty