Budget 2015: Entry point for USC raised to €12,000; new USC rates confirmed for high incomes

Budget 2015: Entry point for USC raised to €12,000; new USC rates confirmed for high incomes

Minister Michael Noonan has confirmed the following changes to the Universal Social Charge:

- Increase in the entry point to USC to just above €12,000, removing 80,000 low income workers altogether from the charge;

- Reduction in the 2% rate to 1.5%;

- Reduction in the 4% rate to 3.5%;

- A new 8% rate on income above €70,000;

- A new 11% rate on income above €100,000.

More on this topic

Council predicts €10bn rise in national debt because of BudgetCouncil predicts €10bn rise in national debt because of Budget

Govt cut VAT on herbal teaGovt cut VAT on herbal tea

Bruton: Scrapping of 'Double Irish' provides certainty for companies

Taoiseach pledges two more years of tax cutsTaoiseach pledges two more years of tax cuts


More in this Section

Covid-19: Government provides list of essential workersCovid-19: Government provides list of essential workers

Covid19: Ireland records highest number of deaths so far with 14 fatalities; 294 new casesCovid19: Ireland records highest number of deaths so far with 14 fatalities; 294 new cases

What you need to know about 'cocooning'What you need to know about 'cocooning'

Vandalism of Covid-19 posters branded ‘despicable’Vandalism of Covid-19 posters branded ‘despicable’


Lifestyle

As the clocks go ahead, so does your style. Corina Gaffney picks your new wardrobe heroesFashion forward: Spring fashion as the clocks change

Des O'Sullivan gives an overview of the changed dates for much-anticipated salesAntiques & FIne Art: What events are put on hold for now?

Virtual auctions a welcome distraction, writes Des O’SullivanBuyers adapt with ease to bid online while grounded

I wish I could write us all back in time, when we could pop to the shops without fear, when grandparents did not have to wave through a window at their grandchildren.Michelle Darmody: Recipes with simple ingredients

More From The Irish Examiner