Individuals are liable to pay the Universal Social Charge if their gross income exceeds the threshold of €12,012 p.a.
The standard rates of Universal Social Charge are:
- 1.5% on the first €12,012
- 3.5% on the next €5,564
- 7% on the next €52,468.
- 8% on income over €70,044
If an individual has self -employed income in excess of €100,000 per annnum they are subject to an 11% rate on the self-employed income in excess of €100,000.
In addition, these standard rates are modified in certain circumstances. In the case of individuals whose total income does not exceed €60,000 and are either (i) aged 70 or over, or (ii) individuals who hold full medical cards, the 3.5% rate applies to all income over €12,012.