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Older persons

  1. Overview
  2. Tax credits for older persons
  3. Disposing of assets and giving gifts and inheritance
  4. Nursing home care
  5. Deposit Interest Retention Tax (DIRT)
  6. Taxable social welfare income
  7. Pay Related Social Insurance (PRSI) and Universal Social Charge (USC)

Pay Related Social Insurance (PRSI) and Universal Social Charge (USC)

Up to 31 December 2023, if you are aged 66 or over, you are not liable to pay PRSI.

From 1 January 2024, you will be able to draw down your State Pension (Contributory) between age 66 and 70. You will continue to be liable for PRSI until you:

  • are awarded the State Pension (Contributory)
  • or
  • reach age 70.

Further information regarding the new PRSI regime is available from the Department of Social Protection (DSP).

USC is a tax you pay on your gross income. You do not pay USC on your social welfare payments or on any income you pay Deposit Interest Retention Tax (DIRT) on.

You may pay reduced USC, or not pay it at all, depending on your age and situation. You can learn more about USC in the Jobs and pensions section.

Published: 03 July 2024 Print this page

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