Budget 2011 – The Universal Social Charge

The Health Levy and Income Levy are to be abolished in 2011. They will be replaced by a new Universal Social Charge, or USC.

The USC Rates and Thresholds are as follows:

Income Threshold	USC Rate
Incomes below €4,004	Exempt
Incomes between Zero and €10,036	2%
Incomes between €10,037 and €16,016	4%
Incomes over €16,016	7%