USC Rate For Medical Card holders ReducedThursday, February 3rd, 2011
The Universal Social Charge (USC) was introduced from 1 January, although the Finance Act 2011, which provides the statutory basis for the new charge, was not enacted until 31 January. All individuals are liable to pay the USC if their gross income exceeds the threshold of €4,004 p.a. (€77 per week).
On 25 January, the government announced that the Finance Bill was being amended so that Medical Card holders will only pay a 4% USC (instead of 7%) on all income above €10,036. A 2% USC will apply up to the €10,036 threshold.
This means that medical card holders will be treated in the same way as income earners over the age of 70.