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Universal Social Charge Quick Question!

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  • 26-10-2014 2:42am
    #1
    zzaaaaaaaaaap
    Registered Users Posts: 34 ✭


    Hi - I just have a quick query regarding the Universal Social Charge.

    I'm a little confused with :
    "If your income is less than €10,036 you pay no Universal Social Charge (USC)."

    which for this self-assessment, it is (there was zero trade/income in 2013 for what I'm filing).

    But then I also read :

    Standard rate of USC :
    Rate - 2% / Income band - Up to €10,036


    So, to clarify - there was no trade or income. Am I therefore to pay ANY USC...? And would I have paid any USC if earnings were, for example, €10,000?

    Thanks!
    Tagged:


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  • Options
    #2
    rahmalec
    Registered Users Posts: 193 ✭✭rahmalec


    zzaaaaaaaaaap wrote: »
    Hi - I just have a quick query regarding the Universal Social Charge.

    I'm a little confused with :
    "If your income is less than €10,036 you pay no Universal Social Charge (USC)."

    which for this self-assessment, it is (there was zero trade/income in 2013 for what I'm filing).

    But then I also read :

    Standard rate of USC :
    Rate - 2% / Income band - Up to €10,036


    So, to clarify - there was no trade or income. Am I therefore to pay ANY USC...? And would I have paid any USC if earnings were, for example, €10,000?

    Thanks!

    If you earn 10035 you pay no USC. If you earn 10036 you pay 2% USC on ALL income.

    Note, the 10036 figure is all your income, so if you have 10000 paye and 100 trade income, you will pay USC.


  • Options
    #3
    zzaaaaaaaaaap
    Registered Users Posts: 34 ✭zzaaaaaaaaaap


    rahmalec wrote: »
    If you earn 10035 you pay no USC. If you earn 10036 you pay 2% USC on ALL income.

    Note, the 10036 figure is all your income, so if you have 10000 paye and 100 trade income, you will pay USC.



    Thanks!


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