Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

usc question

  • 12-09-2014 9:13pm
    #1
    man_no_plan
    Registered Users, Registered Users 2 Posts: 1,018 ✭✭✭


    Hi,

    I have a quick question about the USC and calculations. I'm sorry if this has been trotted out before.

    I know that USC is calculated on gross pay at the relevant rates, no problem there it all adds up. Then the pension deduction comes off at all the various rates , again I can follow this.

    Where Im hitting difficulty is with the next deduction of PAYE. My taxable income shows that the gross has been reduced by the amount of the pension payment but makes no reference to the USC deduction.

    My question is.... is my tax then calculated on the taxable gross as shown without accounting for the USC or should the pension and the USC be deducted from my gross before PRSI/PAYE is calculated?

    Example wages are €700. USC is (say) 10% =€70 , even forgetting the pension, would 20% tax be paid on €700 or on €630?

    Thanks. My mind is melted with this.


Comments

Advertisement