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Pension PAYE usc

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  • 23-06-2024 2:47pm
    #1
    me4many
    Registered Users Posts: 270 ✭✭


    My friend has three pensions

    1. Full state contributory
    2. Work pension of about e 300 pm
    3. Work pension of about e 100 pm

    Does he have to pay paye/prsi/usc.

    His wife also receives the full contributory state pension.

    Thanks.



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    #2
    XT1200
    Registered Users Posts: 46 ✭XT1200


    Judging from my own circumstance which is Full Contributary State pension for myself and my wife and two other pensions the total of which is €983 I do not pay usc but I do pay €151. per month PAYE



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    #3
    me4many
    Registered Users Posts: 270 ✭✭me4many


    Thanks for that...

    I want to correct one figure above

    The smaller pension is about e 160 p/m

    On the smaller pension ( 160 p/m ) he's paying about e 3.00 usc and about e 64.00 PAYE.

    On the larger pension e 300 p/m approx he pays about about e2.00 usc and zero PAYE.

    Tkx..



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    #4
    Jim_Hodge
    Registered Users Posts: 10,807 ✭✭✭✭Jim_Hodge


    https://www.boards.ie/discussion/comment/122295732#Comment_122295732

    Sounds right. Work Pensions and State Pensions are taxable if their total exceeds the earnings thresholds. In fact they may owe tax on the state pension if they haven't declared it. If their total income is, as you estimate 34-35k, then their may be nontax liability but still USC

    Post edited by Jim_Hodge on


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    #5
    EarWig
    Registered Users Posts: 534 ✭✭✭EarWig


    Just use this, but make sure to put in pension age.

    https://www.pwc.ie/issues/budget-2024/income-tax-calculator.html



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