Summary of USC Rates in 2019
As expected there were some adjustments to the Universal Social Charge (USC) in Budget 2019 .
These new USC rates and bands apply from January 1st 2019
- The 4.75% rate of the Universal Social Charge was cut to 4.5% . (This is the rate on incomes between €19,300 and €70,000) .
- The ceiling of the second USC rate band was increased from €19,372 to €19,874 in order to ensure that the salary of a full-time worker on the minimum wage remains outside the top rates of USC .
(People with Income under €13000 are exempt from USC)
Summary of 2019 USC Rates
€0 – €12,012 0.5%
€12,012 – €19,874 2%
€19,874 – €70,044 4.5%
€70,044 plus 8%
Self -employed income over €100,000 : have a 3% surcharge (so they pay 11% USC)
An example: Someone earning €50,000 per year will pay the following Universal Social Charge (€1573)
- 0.5% on the first €12,012 (which comes to €60.06)
- 2% on the next €7,862 (which comes to €157.24)
- 4.5% on the balance of €30,126 (which comes to €1,355.67)
- This person will pay a total USC of €1,573 in 2019.
There were also some income tax reductions in Budget 2019.
You can check here how much your your take home pay will increase overall in 2019.
Universal Social Charge (USC) began in January 2011. It was introduced in the 2011 Budget – this was the last Budget of the Fianna Fail/ Green coalition.
More here about the History of the USC in Ireland