Universal Social Charge (USC)
What is USC?
USC is a tax payable on your total income. Total income for USC purposes includes things such as:
You do not pay USC on:
Captial allowances for plant & machinary and certain buildings are allowed as a deduction before USC is calculated.
There is no relief from USC for employee pension contributions.
If your total income exceeds €13,000 you pay USC on your full income.
Next: Standard rates and thresholds of USC