Written answers
Wednesday, 25 September 2013
Department of Finance
Universal Social Charge Yield
Pearse Doherty (Donegal South West, Sinn Fein)
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62. To ask the Minister for Finance the amount of revenue raised per quarter in 2013 from extending USC to over 70s with large pensions over €60k as announced in Budget 2013. [39886/13]
Michael Noonan (Limerick City, Fine Gael)
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The change I announced in the 2013 Budget to apply the standard rates of USC to those aged 70 years of age or over and medical card holders earning €60,000 and above was estimated to yield €25 million in 2013. However, I am informed by the Revenue Commissioners that figures of USC receipts are not captured in such a manner as would enable the impact of this change to be separately identified.
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