The Universal Social Charge, which came into effect on 1 January 2011, is a tax payable on gross income, including notional pay, after any relief for certain capital allowances, but before pension contributions.
The rates of Universal Social Charge are:
• 2% on the first €10,036
• 4% on the next €5,980
• 7% on the balance.
Persons over 70 years are not liable at the rate of 7% but instead pay at 4%.
• Where an individual’s total income for a year does not exceed €4,004
• All Dept of Social Protection payments
• Income already subjected to DIRT
Please click on link below to access further information on the Universal Social Charge.