Pearse Doherty (Donegal South West, Sinn Fein)
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65. To ask the Minister for Finance the cost to the Exchequer, the number of persons that will benefit and the average amount that would be saved for those in income brackets of €10,000-€20,000; €20,000-€30,000; €30,000-€40,000; €40,000-€50,000; €50,000-€60,000; €60,000-€70,000; €70,000-€80,000; €80,000-€90,000; €90,000-€100,000; €100,000-€150,000; €150,000-€200,000 and more than €200,000, by the reduction of the universal social charge by 0.5%, 1% respectively in each of the categories, 2%, 4% and 7%. [32138/14]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the full year cost, estimated by reference to 2014 incomes, of reducing the 2%, 4% and 7% rates of Universal Social Charge (USC) by 0.5% and 1% is tentatively estimated to be of the order of €378million and €756 million respectively.

The average benefit is not available but a breakdown of the number of beneficiaries by income range suggested by the Deputy is shown below.