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USC Deductions for 2012

Posted on April 7, 2012 6 Comments

The  USC – Universal Social Charge was first introduced in January 2011 – and workers were  liable for USC as soon as they earned €77 a week.  (4004 a year)
The 2012 Budget  introduced  some  changes  so that people earning a gross income under €10036 a year are  now exempt from USC.
It sounds good – but it means  that the take home pay of someone on €10000 a year will increase by just €3.85 a week . But – it’s an increase which is better than a decrease !
Here is a breakdown showing the amounts of  USC deductions you can expect from your pay  in 2012.

Annual
Salary

Monthly Gross Pay
Weekly
Pay

Annual USC
Monthy
USC
Weekly
USC
1000 83.33 19.23 0 0.00 0.00
4000 333.33 76.92 0 0.00 0.00
5000 416.67 96.15 0 0 0.00
6000 500.00 115.38 0 0 0.00
7500 625.00 144.23 0 0
0.00
9000 750.00 173.08 0 0 0.00
10000 833.33 192.31 0 0 0.00
12500 1041.67 240.38 299 24.94 5.76
15514 1292.83 298.35 420 34.99 8.07
16000 1333.33 307.69 439 36.61 8.45
17000 1416.67 326.92 509 42.40 9.78
18000 1500.00 346.15 579 48.23 11.13
20000 1666.67 384.62 719 59.90 13.82
25000 2083.33 480.77 1069 89.07 20.55
30000 2500.00 576.92 1419 118.23 27.28
35000 2916.67 673.08 1769 147.40 34.02
40000 3333.33 769.23 2119 176.57 40.75
45000 3750.00 865.38 2469 205.73 47.48
50000 4166.67 961.54 2819 234.90 54.21
60000 5000.00 1153.85 3519 293.23 67.67
70000 5833.33 1346.15 4219 351.57 81.13
80000 6666.67 1538.46 4919 409.90 94.59
100000 8333.33 1923.08 6319 526.57 121.52

 

 

 

 

 

 

 

 

 

 

 

 

 

Medical card holders –  still pay just 4% on earnings over €10,037 a year.

Another change to USC was also introduced as part of Budget 2012 – and that is that the USC will be assessed on a cumulative basis instead of a weekly basis.  This will mean there will be less chance of people underpaying USC when they have 2 low paid jobs but are earning above the threshold.

See USC Amounts for 2011 Here

Categories: Budget 2012, Universal Social Charge, USC

6 thoughts on “USC Deductions for 2012”

  1. breda on January 5, 2012 at 10:33 said:

    we both are old age pensioners and have a small private pension totalling euro 399.45 per month we paid universal charge on this last year as the threshold has increased to approx 10,000 are we liable for the payment this year and are social welfare pensions still exempt as we have been deducted charge from our Jan 2012 payment

  2. Ivon on June 2, 2012 at 09:27 said:

    Hi my weekly pay is always around 230-250euros and my employeer always charging me for USC around 17euro, is that right??? I’m not sure or it is ok, pleas help!!!
    Many thanks

    • Money Guide on June 2, 2012 at 10:53 said:

      Ivon – if your wages are €250 after tax etc – then it could be correct. What is the gross pay before any deductions? USC of 17 would be due on a gross weekly pay of about €400

  3. Ivon on June 2, 2012 at 11:21 said:

    Hi thank you for answer!! unfortunately that is before tax for example my last total pay was 224.90 and from that was minus 15.74e USC what gives me 209.16 real money on my hand.So I think it is a little too much for USC. Thank you for your help!

    • Money Guide on June 2, 2012 at 11:25 said:

      The USC is calculated on a cumulative basis – based on your annual pay. Over the year it should all work out – and you should get a refund in your pay if you have overpaid. Was your pay higher at the start of the year ? That would explain the USC being higher.

  4. Ivon on June 2, 2012 at 11:34 said:

    Many thanks !!! That explain , my pay was a little higher at the start of the year it was maybe 30euro more!! thank you very much !!!

Comments are closed.

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