Terence Flanagan (Dublin North East, Fine Gael)
Link to this: Individually | In context

Question 82: To ask the Minister for Finance the position regarding the universal social charge in respect of a person (details supplied); and if he will make a statement on the matter. [10523/11]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

The position is that all Department of Social Protection payments are exempt from the Universal Social Charge (USC). As the individual in question is aged greater than 70 the following rates are applicable to his private pension:

- 2% up to €10,036

- 4% income above €10,036

It is assumed that the person in question does not have income from self-employment in excess of €100,000. In addition, I am advised by the Revenue Commissioners that in early 2011 Revenue issued a notice directly to all pension providers advising them of the rates and thresholds of the USC.