USC on payslip- can someone please explain

MarthaMyDear

Hi,
I recently started a job after college and get paid monthly. I just wanted to know how USC is calculated on my payslip? It says online the first 10,000 will only be charged at 2%-does that mean the first 10,000 you earn starting in January or what does it go by?

I earned 2449.47 gross pay this month (Jan) and the USC was 114.70.
Could someone please explain where this figure is from so I can calculate it in future? Also why did I pay more than 2% when I haven't earned over 10,000 this year yet.

I'm sure the answer is very obvious so I apologise in advance!

Alan Shore

It works in a cumulative basis over the year. So it's €10k divided by 12 each month at 2% then 6k divided by 12 at 4% and the balance at 7%.

MarthaMyDear

Alan Shore wrote: »

It works in a cumulative basis over the year. So it's €10k divided by 12 each month at 2% then 6k divided by 12 at 4% and the balance at 7%.

Thanks I think I understand now!

namenotavailablE

There's a USC spreadsheet calculator available from my signature below