The Standard Rates of USC are unchanged for 2014:
USC Thresholds | |
---|---|
2013 & 2014 | |
Income | Rate |
Income up to €10,036 | 2% |
Income from €10,036.01 to €16,016 | 4% |
Income above €16,016 | 7% |
The Reduced Rates of USC are unchanged for 2014:
USC Thresholds | |
---|---|
2013 & 2014 | |
Individuals aged 70 years or over whose aggregate income for the year is €60,000 or less. Individuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less. |
|
Income | Rate |
Income up to €10,036 | 2% |
Income above €10,036 | 4% |
Note 1. ‘Aggregate’ income for USC purposes does not include payments from the Dept of Social Protection.
Note 2. A ‘GP only’ card is not considered a full medical card for USC purposes.
The exempt categories remain unchanged.
2013 & 2014 |
---|
Where an individual’s total income for a year does not exceed €10,036 |
All Dept of Social Protection payments |
Income already subjected to DIRT |
The surcharge of 3% on individuals who have income from self-employment that exceeds €100,000 in a year, regardless of age, remains unchanged.