Finance Act 2018

Chapter 2

Universal Social Charge

Amendment of section 531AN of Principal Act (rate of charge)

2. (1) Section 531AN of the Principal Act is amended—

(a) in subsection (3), by substituting “€19,874” for “€19,372”, and

(b) by substituting the following Table for the Table to that section:

“TABLE

PART 1

Part of aggregate income

Rate of universal social charge

(1)

(2)

The first €12,012

0.5 per cent

The next €7,862

2 per cent

The next €50,170

4.5 per cent

The remainder

8 per cent

PART 2

Part of aggregate income

Rate of universal social charge

(1)

(2)

The first €12,012

0.5 per cent

The remainder

2 per cent

”.

(2) Subsection (1) applies for the year of assessment 2019 and each subsequent year of assessment.