High earners could see USC tax being waived

High-earning self-employed people could receive an income boost in 2015.

4th May, 2014

High-earning self-employed people could receive an income boost in 2015, with government calculations factoring in the removal of a 3 per cent universal social charge (USC) surcharge for those earning more than €100,000.

Currently, people with non-PAYE income over €100,000 annually face a 3 per cent USC surcharge, but preparations are underway for the surcharge to disappear from January.

Speaking in response to a parliamentary question from Fianna Fáil spokesman, Michael McGrath, the Minister for Finance, Michael Noonan,...

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