USC Rates 2024

Summary of Universal Social Charge Rates in 2024

The 2011 Budget in Ireland introduced a new tax on income called the Universal Social Charge (USC) which began in January  2011. 

There were some small adjustments announced to the Universal Social Charge (USC) in Budget 2024

From Jan 1st 2024 the ceiling for the 2% rate of USC rose by €2,840 from €22,920 to €25,760.
The 4.5% rate of USC was cut by 0.5% to 4.0%. . This rate applies to income between €25,761 and €70,044

USC Rates 2024

Income LevelUSC Rate
The First €12,012 *0.5%
€12012 – €25,7602%
€25,761 – €70,0444%
€70,444 and over8%

Self -employed workers with an income over €100,000 : have a 3% surcharge (so they pay 11% USC)

(*People with Income under €13000 are exempt from USC)

An example:  Someone earning €50,000 per year will pay €1305 Universal Social Charge in 2024. (It was €1497 in 2023)

Reduced rates of USC apply to:

  • People aged 70 or over whose total income for the year is €60,000 or less
  • Medical card holders aged under 70 whose total income for the year is €60,000 or less.
Reduced Rates of USC
RateIncome band
0.5%Income up to €12,012
2%All income over €12,012

More details of Take Home Pay and Budget 2024

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