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Universal Social Charge Query

  • 15-10-2013 09:40PM
    #1
    Sundance_Kid
    Closed Accounts Posts: 364 ✭✭


    Hi,

    I have had a look at the revenue site but seem to be getting more confused

    I am just trying to calculate my salary to check against the payslip.

    The USC is charged against the gross salary if I am correct?
    So does this mean that the monthly Health BIK is included in my gross for calculating the USC?

    Also what about my pension contribution and then what my employer matches for my pension contribution is that also taken into account when calculating USC?

    Thanks :)


Comments

  • #2
    Alan_K
    Registered Users, Registered Users 2 Posts: 7 ✭Alan_K


    Hello,

    Yes, basically everything is taken in to account when calculating the USC

    Gross + BIK + Employers contribution to Pension (PRSA pension).
    All added together to give you your gross for USC.

    Unlike when calculating PAYE your pension contribution is not deducted from the gross first.

    Hope that helps.


  • #3
    Sundance_Kid
    Closed Accounts Posts: 364 ✭✭Sundance_Kid


    Thanks for your reply.

    I just had a look at my payslip again and did more calculations.

    It seems in calculating the USC, my employers are taking into account monthly salary with health BIK but are not taking the pension contribution into account when calculating it.

    Is this wrong then?


  • #4
    namenotavailablE
    Registered Users, Registered Users 2 Posts: 59,748 ✭✭✭✭namenotavailablE


    If your employer is contributing to your PRSA then this contribution is treated as BIK and is subject to USC.

    See page 22 of the booklet at this link: http://www.revenue.ie/en/tax/usc/universal-social-charge-faqs.pdf

    Note that if the contribution is not to your PRSA but to a 'more general' Approved Retirement Benefit Scheme (not sure but I think that's one which is generally available to all employees rather than just you- which is what your PRSA is like) then such contributions are NOT treated as BIK income and are not subject to USC- pg 16 of the same booklet has that info.

    Free Excel net pay calculator- https://taxcalc.eu/monthlyss/Employee%20PAYE%20calculator.xlsm



  • #5
    itgirl268
    Registered Users, Registered Users 2 Posts: 55 ✭✭itgirl268


    hey im new to this whole tax and usc thing. i went into the tax office and revenue but they werent very helpful and didnt answer my queries. i recently started a part-time job (first time) 3 weeks ago. (im on emergency tax at the moment) looking at my first payslip i was deducted 27.89 as part of my usc. i was wondering if i could claim this back as i will be earning under the 10k mark??


  • #6
    Citizenpain
    Registered Users, Registered Users 2 Posts: 2,032 ✭✭✭Citizenpain


    did you complete a form 12a?

    you probably wont get it back this year but if you register for Payeanytime online - make sure your tax credits are correct ( it propts you though what are mostlikely available to you) and you can request a balancing statement in the new year which wiill deal with any refund


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