Dáil Éireann Debate, Tuesday - 1 October 2013
193. Deputy Kevin Humphreys asked the Minister for Finance when the extension of the universal social charge to over 70s with pensions of more than €60,000 was implemented; and what was the resultant yield on this measure thus far to the end of August in 2013; the projected yield for the full year; and if he will make a statement on the matter. [40649/13]
View answerThe position is that in Budget 2013, I announced that that the reduced rates of USC for those aged 70 years and over, as well as for medical card holders, with an income in excess of €60,000 would be discontinued from 1 January 2013. This measure was estimated to yield €25 million in 2013 and €38 million in a full year. 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.
