What income do you not pay USC on ?
What income do you not pay USC ?
You do not pay the Universal Social Charge if your total income for a year is under €13,000. (If you are aged 70 or over or a medical card holder aged under 70 and your aggregate income for the year is €60,000 or less you pay a reduced rate of USC.)
All Department of Social Protection payments, including Maternity Benefit and State pensions, are exempt from the Universal Social Charge. Similar payments, such as payments made as part of Community Employment schemes or the Back to Education Allowance, are exempt. Social welfare or similar payments made from abroad are exempt. Student grants and scholarships are also exempt.
Income where DIRT (Deposit Interest Retention Tax) has already been paid is exempt from the USC.
There are a number of other exemptions. These include:
- Certain salary sacrifice schemes, such as the TaxSaver Commuter Ticket Scheme and the Cycle to Work scheme
- Statutory redundancy payments
- Foster care payments
- Child Benefit
- Rent a Room Relief
Any queries on same give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie
