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USC

  • 14-10-2014 5:46pm
    #1
    mirrorwall14
    Closed Accounts Posts: 6,751 ✭✭✭


    Hi,

    Can anyone say what the story is with relation to USC and jointly assessed income. We just cross the 100k threshold between us. Does that mean that any payrises etc for either of us will be taxed at 8% or does the 100k apply to each of us?


Comments

  • #2
    Alan Shore
    Registered Users, Registered Users 2 Posts: 735 ✭✭✭Alan Shore


    It applies to each person seperately. So €100k each.


  • #3
    mirrorwall14
    Closed Accounts Posts: 6,751 ✭✭✭mirrorwall14


    I'm a bit confused then. There's nearly €300 in the difference on one the tax calculator here. If we are jointly assessed then we are penalised. Separately assessed we are 300 better off. I thought it was because of USC but now I don't know?!


  • #4
    Ideo
    Registered Users, Registered Users 2 Posts: 1,618 ✭✭✭Ideo


    mirrorwall14 wrote: »
    I'm a bit confused then. There's nearly €300 in the difference on one the tax calculator here. If we are jointly assessed then we are penalised. Separately assessed we are 300 better off. I thought it was because of USC but now I don't know?!

    IMO that calculator is a bit simplistic

    try this one instead

    http://download.pwc.com/ie/budget-2015/index.html


  • #5
    mirrorwall14
    Closed Accounts Posts: 6,751 ✭✭✭mirrorwall14


    I don't know my total pension contributions so I guess I'll have to wait


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