How Ireland taxes a retirement plan
Every figure this model charges in Ireland, what each one means, the tax office page it came from, and the date we last read it. Plus everything the model does not do here.
This page lists the figures for Ireland. How the tax model works in every country, and what it leaves out, is on how tax is modelled.
Figures are for the 2026 tax year, read from the authorities on 2026-07-27. Every one of them links to the page it came from. 1 of them we could not source: we hold the figure and could not find an authority page stating it. Those are marked, and they are the ones most likely to be wrong. If you know better, tell us.
Checked against worked examples.
The scale your pension and other ordinary income are charged on. Each band's rate applies only to the part of your income inside it, not to all of it.
Basic credit everyone getspersonal tax credit
Ireland gives relief as a credit taken off the tax bill itself, not as an allowance taken off your income. This one is 2,000 a year for a single person and 4,000 for a couple, and it does not shrink as your income rises.
Credit for wage and pension incomeemployee (PAYE) tax credit
A second credit of 2,000 a year, available against wages and against pension income, including the State Pension. Each partner in a couple can have one of their own where they each draw a pension.
Extra credit from age 65age tax credit (65+)
A further 245 a year once you turn 65, or 490 for a couple. We grant it in every year of your plan rather than only from 65, so a plan that retires earlier shows slightly too little tax.
Universal social charge, second stepUSC 2% band
The same second charge on income, at 2 percent on the slice between 12,012 and 28,700. Each step reaches only its own slice, so a higher rate never falls on the income underneath it.
- Until age70
- These figures apply to people younger than this. From this age a different set takes over.
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Universal social charge, third stepUSC 3% band
The same second charge on income, at 3 percent on the slice between 28,700 and 70,044. Money you take out of a fund held outside a pension is not caught by it at all.
- Until age70
- These figures apply to people younger than this. From this age a different set takes over.
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Universal social charge, top stepUSC 8% band
The same second charge on income, at 8 percent on everything above 70,044.
- Until age70
- These figures apply to people younger than this. From this age a different set takes over.
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Universal social charge from 70, first stepUSC reduced 0.5% band, 70 and over
From 70, on an income of 60,000 or less (the State Pension not counted), the charge is half a percent on the first 12,012.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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Universal social charge from 70, the restUSC reduced 2% band, 70 and over
From 70, on an income of 60,000 or less, everything above 12,012 is charged at 2 percent, never more.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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Universal social charge, first step, from 70 above 60,000USC 0.5% band, 70 and over above 60,000
From 70, an income above 60,000 pays the standard rates in full.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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Universal social charge, second step, from 70 above 60,000USC 2% band, 70 and over above 60,000
From 70, an income above 60,000 pays the standard rates in full.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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Universal social charge, third step, from 70 above 60,000USC 3% band, 70 and over above 60,000
From 70, an income above 60,000 pays the standard rates in full.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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Universal social charge, top step, from 70 above 60,000USC 8% band, 70 and over above 60,000
From 70, an income above 60,000 pays the standard rates in full.
- From age70
- These figures apply from this age. Younger people are charged on the figures listed without it.
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How money held outside a retirement account is charged: on what it pays you each year, on the profit when you sell, or both.
- Charged howseparate
- Whether investment income joins your other income on the same scale or is charged separately. It decides whether taking more from your portfolio pushes your pension into a higher band.
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- Charged as it pays outno
- Whether income the investment pays you is charged in the year it arises, rather than only when you sell.
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Eight-yearly tax on funds you have not soldeight-year deemed disposal
Ireland treats a fund as though you had sold it every eighth year and charges 38 percent on the gain since you bought it, even though nothing has been sold and no money has come in. You either sell units to pay it or find the cash elsewhere. It counts against the tax due when you really do sell.
- Assumed yearly return100%
- The return the country assumes you made. The charge is worked out from this, not from what your portfolio actually did.
- no source found
- Counts against the later billyes
- What you pay now is credited when you eventually sell, so the same growth is not charged twice.
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What a loss can be set against, and whether anything left over can be carried into future years.
- Carried forward for0
- How many years an unused loss survives to be set against future gains. Zero means it is lost at the end of the year.
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- Locked to one kind of assetno
- A loss on one kind of investment can only be set against gains of the same kind.
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- Against other income, up tonot applicable
- The most a loss can take off your ordinary income in one year.
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- Share usable against other income0
- How much of a leftover loss can be set against income that is not investment income.
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Whether a couple is assessed as one household or as two people, which can change the bill substantially at the same total income.
- How a couple is assessedtable
- Whether the two incomes are pooled, split evenly, or taxed entirely separately. At the same household income these give very different bills.
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equity
Where this country's answer changes depending on the kind of investment, this is what we assume unless you say otherwise.
bond
Where this country's answer changes depending on the kind of investment, this is what we assume unless you say otherwise.
cash
Where this country's answer changes depending on the kind of investment, this is what we assume unless you say otherwise.
A threshold frozen in law quietly costs more every year, because your income rises with prices and the threshold does not. Over a thirty-year retirement that is one of the larger effects on this page.
- the income tax bands · Keeps up with inflationno
- If no, this figure is fixed in law. Your income rises with prices and it does not, so it costs you more every year without any rule changing.
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- an ordinary investment account · Keeps up with inflationno
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- personal tax credit · Keeps up with inflationno
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- employee (PAYE) tax credit · Keeps up with inflationno
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- age tax credit (65+) · Keeps up with inflationno
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- USC 0.5% band · Keeps up with inflationno
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- USC 2% band · Keeps up with inflationno
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- USC 3% band · Keeps up with inflationno
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- USC 8% band · Keeps up with inflationno
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- USC reduced 0.5% band, 70 and over · Keeps up with inflationno
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- USC reduced 2% band, 70 and over · Keeps up with inflationno
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- USC 0.5% band, 70 and over above 60,000 · Keeps up with inflationno
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- USC 2% band, 70 and over above 60,000 · Keeps up with inflationno
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- USC 3% band, 70 and over above 60,000 · Keeps up with inflationno
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- USC 8% band, 70 and over above 60,000 · Keeps up with inflationno
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- eight-year deemed disposal · Keeps up with inflationno
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Each kind of retirement account here has its own rule for what is taxed when money comes out of it, and those rules are listed account by account on the page for accounts in Ireland.
Where you live inside the country
Nothing below the national level taxes income here, so one set of figures is right for the whole country. This is a finding rather than a gap.
What this model does not do here
Every one of them, not a selection. 22 are described below.
We model these and we know we do not get them exactly right. Where the size could be measured, it is stated.
A married couple or civil partners who both have an income get a wider 20 percent band than a couple where only one does, up to 35,000 wider. We use the one income figure of 53,000 for every couple. That is exact when only one of you has a pension, which is the common Irish shape, and too harsh when both of you do, by up to 7,000 a year of tax you would not actually pay.
Your real tax is lower/up to €7,000 a year/married couples and civil partners who both have a pension of their own
Irish tax credits relieve income tax only. They are never allowed to touch the 38 percent charge on funds. We take them off both, so on a low income the leftover credits wipe out part of a fund charge you would have to pay in full. On 15,000 of income and a 4,000 fund gain we show 275 where the law charges 1,520. It disappears once your income passes about 21,225, because by then income tax has used the credits up.
Your real tax is higher/up to €4,245 a year/a retiree on a low income who also holds funds in a taxable account
We give every couple two copies of the 2,000 credit on wage and pension income. That is right where each of you draws a pension of your own, which is the common case. Where one of you does not, the second copy is not due and our tax is up to 2,000 a year too low. We also could not establish whether the credit is available at all where your only income is drawn from a retirement fund, which moves the answer by the same 2,000.
Your real tax is higher/up to €2,000 a year/couples where only one partner has a pension of their own
The 245 credit for being 65 or over is granted in every year of your plan, including the years before you turn 65. If you retire earlier than that, the tax we show is too low by 245 a year, or 490 for a couple, until you get there.
Your real tax is higher/up to €490 a year/anyone retiring before 65
From 70, the Universal Social Charge, the second charge on income beside income tax, is capped at 2 percent where your income is 60,000 or less, not counting the State Pension, and we apply that. Full medical card holders get the same cap before 70, until the end of 2027, which we do not apply.
Your real tax is lower/a medical card holder under 70
Social insurance (PRSI) is charged on money drawn from an ARF or a drawn-down PRSA under 66, and from 66 until the State Pension (Contributory) is awarded, never from 70, and we charge it, along with your rent while you pay it. We charge each year's draws at the year's average rate where the law uses the rate on each payment's date, which comes to the same for draws spread across the year. For a couple we take both partners' draws together and go by the first person's age, so where the two of you are on different sides of 66 or 70, what we charge can be wrong either way.
Could go either way/anyone drawing an ARF before the State Pension
From 61 the plan pays out at least 4 percent of your retirement fund every year, 5 percent from 71, and 6 percent of the whole fund above 2,000,000, taxed as income, whether or not you wanted the money. Whatever you do not spend is moved to your ordinary account. What we simplify: the law values the fund on 30 November and collects the tax the following February, while we use the balance at the start of the year and charge in the same year. In a normal growing market that values the fund slightly earlier and lower than the law would, so the forced amount we charge runs slightly low. The 6 percent rate applies when all your ARFs and drawn-down PRSAs together are worth more than 2,000,000; we test each account on its own, so two funds that only cross that line together are charged 4 or 5 percent here.
Your real tax is higher/anyone with an approved retirement fund from 61 planning to draw less than the floor, most of all in rising markets where the 30 November valuation outruns our opening balance
Every eight years Ireland treats a fund as sold and charges 38 percent on the gain, with nothing actually sold and no money coming in. We charge it on the real gain of the funds in your ordinary account, and count it against the tax when you do sell. Two things differ from the law: we count the eight years from the start of your plan rather than from when you bought, and where the fund falls after the charge the law refunds the excess while we do not.
Could go either way/anyone holding funds in an Irish taxable account
A defined benefit pension can be partly swapped for a lump sum at retirement, and we charge that lump in the same lifetime bands as any retirement lump sum. We do not check it against the legal maximum of one and a half times your final salary, and a very small pension swapped for cash entirely is charged here as an ordinary lump, where the law charges 10 percent after a deduction for your years of service.
Could go either way/anyone taking a lump from a defined benefit pension
Irish law sorts funds into boxes and taxes them very differently. We assume the common one, a fund based in Ireland or Luxembourg, at 38 percent. Outside that box a fund can instead pay your normal income rate on what it distributes with 33 percent on gains, or a flat 40 percent, and a fund run for a single investor pays 60. Funds based in the United States are the open question: they are not in the punitive box, but whether they carry the eight year charge has never been settled.
Could go either way/anyone holding a fund that is not based in Ireland or Luxembourg
These exist in law and we leave them out, usually because applying them would need a question we do not ask.
A life annuity you buy with your own savings, not with pension money, is only partly taxed: the part of each payment that gives you back the price you paid is tax free. We have no type for this annuity, so if you enter it as a pension the whole payment is taxed. Bought for 100,000 at 65 and paying 6,000 a year, roughly 5,000 of each payment should be tax free.
Your real tax is lower/up to €2,200 a year/anyone who bought a life annuity with their own (non-pension) savings and enters it as a pension
From 65, a retiree whose total income stays under 18,000, or 36,000 for a couple, pays no income tax at all, and just above those limits the charge is capped at 40 percent of the excess. We apply neither. For most retirees the credits reach the same answer anyway, so nothing changes. Where they do not, our figure is too high, by about 1,355 a year at 18,000 of income for someone who does not qualify for the credit on wage and pension income.
Your real tax is lower/up to €1,355 a year/a retiree aged 65 or over on a low income who does not qualify for the credit on wage and pension income
Irish landlords can claim a credit worth 20 percent of their rental profit, capped at 1,000 for 2026, where the tenancy is registered and they stay in the scheme for four years. We do not give it, so a landlord's tax is up to 1,000 a year too high. We also take rent as one net figure, so the write down on furniture and the relief for letting a room in your own home are yours to work out before you enter it.
Your real tax is lower/up to €1,000 a year/anyone letting an Irish property to a tenant on a registered tenancy
A loss on an Irish fund gets no relief whatsoever, and that is what we model. Shares you hold directly are treated better: their losses offset gains and carry forward without limit. You can hold shares in your plan now, but their losses are not carried forward here, so a share portfolio that falls and recovers pays a little too much tax.
Your real tax is lower/anyone holding shares directly whose shares fall
Dying while holding an Irish fund triggers a sale on paper, and 38 percent falls due on the gain before anything reaches the people you leave it to. Shares held directly pay nothing at that point. We do not charge it, so what we show as left at the end is too high, by roughly 38 percent of the gain built up inside the fund.
Your real tax is higher/anyone planning to leave a fund portfolio rather than spend it
There is a lifetime cap on how large a pension fund can grow before an extra charge lands: 2,200,000 for 2026, rising by 200,000 a year to 2,800,000 in 2029, with 40 percent charged on anything above it. We do not model the cap, so a plan that saves its way past it is shown as cheaper than it would be. It is also the one Irish figure that rises with earnings, which it starts doing in 2030.
Your real tax is higher/anyone whose pension savings reach 2,200,000
If you are 65 or over and your total income stays under 18,000, or 36,000 for a couple, Irish deposit interest is paid to you without the 33 percent deposit tax once you have claimed the exemption. We charge the 33 percent on any investment income you declare, whatever your age, so a low income saver's tax comes out too high.
Your real tax is lower/savers aged 65 or over with deposit interest and total income under 18,000, or 36,000 for a couple
Irish company dividends have 25 percent held back before they reach you. It is not a final tax: it counts against the bill you actually owe and anything extra comes back, so it changes when you get the money rather than how much you keep. We do not model that wait. We also could not establish how small dividends from abroad are treated for 2026, so we leave that alone too.
Could go either way/anyone holding Irish shares directly
Separate tax systems, or rules that only bite outside a retirement plan.
Every Irish home carries a yearly property charge, from 95 to 3,110 depending on the value band it falls in, with roughly 15 percent either way depending on the local council. There is no exemption for the home you live in. It is a household bill rather than a tax on your plan, so it belongs in your spending, and none of the tax figures here include it.
Your real tax is higher/up to €3,110 a year/anyone who owns an Irish home
Ireland's automatic pension enrolment scheme started on 1 January 2026, alongside a 115,000 cap on the earnings that qualify for pension relief and contribution limits that rise with your age. The cap and the limits apply while you are still saving rather than while you are drawing down, so they do not reach the tax figures on this page. The scheme's own payout at the State Pension age is modelled: a quarter tax free within the lifetime lump sum limits and the rest taxed as income that year.
Could go either way/anyone still working and paying into an Irish pension
Ireland charges 33 percent on inheritances and gifts above a threshold, which is 400,000 for what a child receives from a parent, counted across everything that child has received since 1991. Husbands, wives and civil partners pay nothing. We do not model it, so any inheritance you entered is treated as reaching you in full. We hold no figures for anyone other than a child.
Could go either way/anyone expecting an inheritance, and anyone planning to leave one to their children
Someone selling a business they helped run can pay 10 percent on the gain instead of 33, on up to 1,500,000 across their lifetime for sales from 1 January 2026. It applies to a business you worked in rather than to a portfolio you hold, so it is outside what we model.
Could go either way/someone selling a business they ran, rather than an investment portfolio
Every other figure we use for this country (317)
The sections above cover what shapes a retirement plan. These are the rest of what the model reads, listed so nothing it uses is hidden from you.
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y_future_fund.clusterC3sourceaccount_types.my_future_fund.events[payout].namepayoutsourceaccount_types.my_future_fund.events[payout].rule.params.bands[0][0]200000sourceaccount_types.my_future_fund.events[payout].rule.params.bands[0][1]0sourceaccount_types.my_future_fund.events[payout].rule.params.bands[1][0]500000sourceaccount_types.my_future_fund.events[payout].rule.params.bands[1][1]0.2sourceaccount_types.my_future_fund.events[payout].rule.params.bands[2][0]nullsourceaccount_types.my_future_fund.events[payout].rule.params.bands[2][1]incomesourceaccount_types.my_future_fund.events[payout].rule.params.toarfsourceaccount_types.my_future_fund.events[payout].rule.ruleIE.retirement_lumpsourceaccount_types.my_future_fund.events[payout].trigger.agestate_pension_agesourceaccount_types.my_future_fund.exit.tranches.all.ordinary1sourceaccount_types.my_future_fund.order_classdeferredsourceaccount_types.my_future_fund.owner_kinds[0]asourceaccount_types.my_future_fund.owner_kinds[1]bsourceaccount_types.my_future_fund.report_grouppension_potsourceaccount_types.occupational_dc.access.before.modelockedsourceaccount_types.occupational_dc.access.earliest_age60sourceaccount_types.occupational_dc.access.exceptions[0]IE.retired_from_50sourceaccount_types.occupational_dc.choices[0].defaultretirement_agesourceaccount_types.occupational_dc.choices[0].idvesting_agesourceaccount_types.occupational_dc.choices[0].kindagesourceaccount_types.occupational_dc.choices[0].range[0]50sourceaccount_types.occupational_dc.choices[0].range[1]75sourceaccount_types.occupational_dc.choices[1].default0.25sourceaccount_types.occupational_dc.choices[1].idlump_fractionsourceaccount_types.occupational_dc.choices[1].kindfractionsourceaccount_types.occupational_dc.choices[1].range[0]0sourceaccount_types.occupational_dc.choices[1].range[1]0.25sourceaccount_types.occupational_dc.choices[2].defaultarfsourceaccount_types.occupational_dc.choices[2].idvesting_routesourceaccount_types.occupational_dc.choices[2].kindenumsourceaccount_types.occupational_dc.choices[2].values[0]arfsourceaccount_types.occupational_dc.choices[2].values[1]taxable_cashsourceaccount_types.occupational_dc.clusterC3sourceaccount_types.occupational_dc.events[once_off_pension].nameonce_off_pensionsourceaccount_types.occupational_dc.events[once_off_pension].rule.params.limit30000sourceaccount_types.occupational_dc.events[once_off_pension].rule.ruleIE.small_potsourceaccount_types.occupational_dc.events[once_off_pension].trigger.on_requesttruesourceaccount_types.occupational_dc.events[vest].namevestsourceaccount_types.occupational_dc.events[vest].rule.params.bands[0][0]200000sourceaccount_types.occupational_dc.events[vest].rule.params.bands[0][1]0sourceaccount_types.occupational_dc.events[vest].rule.params.bands[1][0]500000sourceaccount_types.occupational_dc.events[vest].rule.params.bands[1][1]0.2sourceaccount_types.occupational_dc.events[vest].rule.params.bands[2][0]nullsourceaccount_types.occupational_dc.events[vest].rule.params.bands[2][1]incomesourceaccount_types.occupational_dc.events[vest].rule.params.toarfsourceaccount_types.occupational_dc.events[vest].rule.ruleIE.retirement_lumpsourceaccount_types.occupational_dc.events[vest].trigger.age_choicevesting_agesourceaccount_types.occupational_dc.exit.tranches.all.ordinary1sourceaccount_types.occupational_dc.order_classdeferredsourceaccount_types.occupational_dc.owner_kinds[0]asourceaccount_types.occupational_dc.owner_kinds[1]bsourceaccount_types.occupational_dc.report_grouppension_potsourceaccount_types.prsa.access.before.modelockedsourceaccount_types.prsa.access.earliest_age60sourceaccount_types.prsa.access.exceptions[0]IE.retired_from_50sourceaccount_types.prsa.choices[0].defaultretirement_agesourceaccount_types.prsa.choices[0].idvesting_agesourceaccount_types.prsa.choices[0].kindagesourceaccount_types.prsa.choices[0].range[0]50sourceaccount_types.prsa.choices[0].range[1]75sourceaccount_types.prsa.choices[1].default0.25sourceaccount_types.prsa.choices[1].idlump_fractionsourceaccount_types.prsa.choices[1].kindfractionsourceaccount_types.prsa.choices[1].range[0]0sourceaccount_types.prsa.choices[1].range[1]0.25sourceaccount_types.prsa.choices[2].defaultarfsourceaccount_types.prsa.choices[2].idvesting_routesourceaccount_types.prsa.choices[2].kindenumsourceaccount_types.prsa.choices[2].values[0]arfsourceaccount_types.prsa.choices[2].values[1]taxable_cashsourceaccount_types.prsa.clusterC3sourceaccount_types.prsa.events[once_off_pension].nameonce_off_pensionsourceaccount_types.prsa.events[once_off_pension].rule.params.limit30000sourceaccount_types.prsa.events[once_off_pension].rule.ruleIE.small_potsourceaccount_types.prsa.events[once_off_pension].trigger.on_requesttruesourceaccount_types.prsa.events[vest].namevestsourceaccount_types.prsa.events[vest].rule.params.bands[0][0]200000sourceaccount_types.prsa.events[vest].rule.params.bands[0][1]0sourceaccount_types.prsa.events[vest].rule.params.bands[1][0]500000sourceaccount_types.prsa.events[vest].rule.params.bands[1][1]0.2sourceaccount_types.prsa.events[vest].rule.params.bands[2][0]nullsourceaccount_types.prsa.events[vest].rule.params.bands[2][1]incomesourceaccount_types.prsa.events[vest].rule.params.toarfsourceaccount_types.prsa.events[vest].rule.ruleIE.retirement_lumpsourceaccount_types.prsa.events[vest].trigger.age_choicevesting_agesourceaccount_types.prsa.exit.tranches.all.ordinary1sourceaccount_types.prsa.order_classdeferredsourceaccount_types.prsa.owner_kinds[0]asourceaccount_types.prsa.owner_kinds[1]bsourceaccount_types.prsa.report_grouppension_potsourceaccount_types.rac.access.before.modelockedsourceaccount_types.rac.access.earliest_age60sourceaccount_types.rac.choices[0].defaultretirement_agesourceaccount_types.rac.choices[0].idvesting_agesourceaccount_types.rac.choices[0].kindagesourceaccount_types.rac.choices[0].range[0]60sourceaccount_types.rac.choices[0].range[1]75sourceaccount_types.rac.choices[1].default0.25sourceaccount_types.rac.choices[1].idlump_fractionsourceaccount_types.rac.choices[1].kindfractionsourceaccount_types.rac.choices[1].range[0]0sourceaccount_types.rac.choices[1].range[1]0.25sourceaccount_types.rac.choices[2].defaultarfsourceaccount_types.rac.choices[2].idvesting_routesourceaccount_types.rac.choices[2].kindenumsourceaccount_types.rac.choices[2].values[0]arfsourceaccount_types.rac.choices[2].values[1]taxable_cashsourceaccount_types.rac.clusterC3sourceaccount_types.rac.events[once_off_pension].nameonce_off_pensionsourceaccount_types.rac.events[once_off_pension].rule.params.limit30000sourceaccount_types.rac.events[once_off_pension].rule.ruleIE.small_potsourceaccount_types.rac.events[once_off_pension].trigger.on_requesttruesourceaccount_types.rac.events[vest].namevestsourceaccount_types.rac.events[vest].rule.params.bands[0][0]200000sourceaccount_types.rac.events[vest].rule.params.bands[0][1]0sourceaccount_types.rac.events[vest].rule.params.bands[1][0]500000sourceaccount_types.rac.events[vest].rule.params.bands[1][1]0.2sourceaccount_types.rac.events[vest].rule.params.bands[2][0]nullsourceaccount_types.rac.events[vest].rule.params.bands[2][1]incomesourceaccount_types.rac.events[vest].rule.params.toarfsourceaccount_types.rac.events[vest].rule.ruleIE.retirement_lumpsourceaccount_types.rac.events[vest].trigger.age_choicevesting_agesourceaccount_types.rac.exit.tranches.all.ordinary1sourceaccount_types.rac.order_classdeferredsourceaccount_types.rac.owner_kinds[0]asourceaccount_types.rac.owner_kinds[1]bsourceaccount_types.rac.report_grouppension_potsourceannuity_types.db_scheme.commutation.params.bands[0][0]200000sourceannuity_types.db_scheme.commutation.params.bands[0][1]0sourceannuity_types.db_scheme.commutation.params.bands[1][0]500000sourceannuity_types.db_scheme.commutation.params.bands[1][1]0.2sourceannuity_types.db_scheme.commutation.params.bands[2][0]nullsourceannuity_types.db_scheme.commutation.params.bands[2][1]incomesourceannuity_types.db_scheme.commutation.params.discretion_years40sourceannuity_types.db_scheme.commutation.params.eightieths0.0375sourceannuity_types.db_scheme.commutation.params.full_rate0.1sourceannuity_types.db_scheme.commutation.ruleIE.db_commutationsourceannuity_types.db_scheme.roleoccupationalsourceannuity_types.db_scheme.taxable_classpension_incomesourceannuity_types.db_scheme.taxable_fraction.kindfullsourceannuity_types.db_scheme.termlifelongsourceannuity_types.pension_annuity.roleannuitysourceannuity_types.pension_annuity.taxable_classpension_incomesourceannuity_types.pension_annuity.taxable_fraction.kindfullsourceannuity_types.pension_annuity.termeithersourcebalance_charges[eight-year deemed disposal].holdings[0]ucits_fundsourcebalance_charges[eight-year deemed disposal].holdings[1]bond_fundsourcebalance_charges[eight-year deemed disposal].holdings[2]money_market_fundsourcebalance_charges[eight-year deemed disposal].nameeight-year deemed disposalsourcebalance_charges[eight-year deemed disposal].on_gaintruesourcecapital_incomemixedsourceforced_drawdown.high_balance.rate0.06sourceforced_drawdown.high_balance.threshold2000000sourceforced_drawdown.rate_kindpercentsourceforced_drawdown.start.age61sourceforced_drawdown.start.kindagesourceforced_drawdown.table.610.04sourceforced_drawdown.table.710.05sourceholdings.bond.items[1].delta.distributions_taxedtruesourceholdings.bond.items[1].delta.gain_exempttruesourceholdings.bond.items[1].delta.modeaggregatedsourceholdings.cash.items[0].delta.distributions_taxedtruesourceholdings.equity.items[1].delta.allowance1270sourceholdings.equity.items[1].delta.allowance_joint_multiple2sourceholdings.equity.items[1].delta.distributions_taxedtruesourceholdings.equity.items[1].delta.modeaggregatedsourceholdings.equity.items[1].delta.rate_gain0.33sourceordinary.brackets_joint[0][0]53000sourceordinary.brackets_joint[0][1]0.2sourceordinary.brackets_joint[1][0]nullsourceordinary.brackets_joint[1][1]0.4sourceordinary.credits[age tax credit (65+)].nameage tax credit (65+)sourceordinary.credits[employee (PAYE) tax credit].nameemployee (PAYE) tax creditsourceordinary.credits[personal tax credit].namepersonal tax creditsourceordinary.deferred_treatmentordinarysourceordinary.rental_baseordinarysourceordinary.social[0].exempt_at_or_below13000sourceordinary.social[0].groupuscsourceordinary.social[0].nameUSC 0.5% bandsourceordinary.social[10].channelie_prsi_class_ssourceordinary.social[10].groupprsisourceordinary.social[10].namePRSI class Ssourceordinary.social[10].params.max_age70sourceordinary.social[10].params.minimum650sourceordinary.social[10].params.pensionable_age66sourceordinary.social[10].params.rates_by_date[0][0]2025-10-01sourceordinary.social[10].params.rates_by_date[0][1]0.042sourceordinary.social[10].params.rates_by_date[1][0]2026-10-01sourceordinary.social[10].params.rates_by_date[1][1]0.0435sourceordinary.social[10].params.rates_by_date[2][0]2027-10-01sourceordinary.social[10].params.rates_by_date[2][1]0.045sourceordinary.social[10].params.rates_by_date[3][0]2028-10-01sourceordinary.social[10].params.rates_by_date[3][1]0.047sourceordinary.social[10].params.threshold5000sourceordinary.social[10].ruleIE.prsi_class_ssourceordinary.social[1].exempt_at_or_below13000sourceordinary.social[1].groupuscsourceordinary.social[1].nameUSC 2% bandsourceordinary.social[2].exempt_at_or_below13000sourceordinary.social[2].groupuscsourceordinary.social[2].nameUSC 3% bandsourceordinary.social[3].exempt_at_or_below13000sourceordinary.social[3].groupuscsourceordinary.social[3].nameUSC 8% bandsourceordinary.social[4].applies_if_at_most60000sourceordinary.social[4].exempt_at_or_below13000sourceordinary.social[4].groupuscsourceordinary.social[4].nameUSC reduced 0.5% band, 70 and oversourceordinary.social[5].applies_if_at_most60000sourceordinary.social[5].exempt_at_or_below13000sourceordinary.social[5].groupuscsourceordinary.social[5].nameUSC reduced 2% band, 70 and oversourceordinary.social[6].applies_if_above60000sourceordinary.social[6].exempt_at_or_below13000sourceordinary.social[6].groupuscsourceordinary.social[6].nameUSC 0.5% band, 70 and over above 60,000sourceordinary.social[7].applies_if_above60000sourceordinary.social[7].exempt_at_or_below13000sourceordinary.social[7].groupuscsourceordinary.social[7].nameUSC 2% band, 70 and over above 60,000sourceordinary.social[8].applies_if_above60000sourceordinary.social[8].exempt_at_or_below13000sourceordinary.social[8].groupuscsourceordinary.social[8].nameUSC 3% band, 70 and over above 60,000sourceordinary.social[9].applies_if_above60000sourceordinary.social[9].exempt_at_or_below13000sourceordinary.social[9].groupuscsourceordinary.social[9].nameUSC 8% band, 70 and over above 60,000sourceplain_death.joint_share0.5sourceplain_death.kindstep_upsource
Universal social charge, first stepUSC 0.5% band
A second charge on income, separate from income tax and collected alongside it. This step takes half a percent of the first 12,012 you earn or draw. The State Pension is not counted, and an income of 13,000 or less pays none at all.