^[6]>

(1) For each tax year an individual shall be charged to universal social charge on his or her aggregate income for the tax year—

(a) at the rate specified in ^[10]>column (2) of the Table to this section corresponding to the part of aggregate income specified in column (1) of that Table^<[10][10]>column (2) of Part 1 of the Table to this section corresponding to the part of aggregate income specified in column (1) of Part 1 of that Table^<[10] where the individual is—

(i) aged under 70 years, or

(ii) aged 70 years or over at any time during the tax year and has aggregate income that exceeds €60,000,

or

(b) at the rate specified in ^[11]>column (3) of the Table to this section corresponding to the part of aggregate income specified in column (1) of that Table^<[11][11]>column (2) of Part 2 of the Table to this section corresponding to the part of aggregate income specified in column (1) of Part 2 of that Table^<[11] where the individual is aged 70 years or over at any time during the tax year and has aggregate income that does not exceed €60,000.

^<[6]

^[7]>

(2) Notwithstanding subsection (1) and the Table to this section, where an individual has relevant income that exceeds €100,000, the individual shall, instead of being charged to universal social charge on the amount of the excess at the rate provided for in ^[12]>column (2) of that Table, be charged on the amount of that excess at the rate of 10 per cent^<[12][12]>column (2) of Part 1 of that Table, be charged on the amount of that excess at the rate of 11 per cent^<[12].

^<[7]

^[2]>

(2A) For the purposes of subsection (2), relevant income shall not include any amount in respect of which an individual is chargeable to tax under Schedule E in accordance with section 128(2).

^<[2]

^[41]>

(3) Notwithstanding subsection (1) and the Table to this section, where an individual is in receipt of aggregate income which does not exceed €60,000, is aged under 70 years and has full eligibility for services under Part IV of the Health Act 1970, by virtue of sections 45 and 45A of that Act or Council Regulation (EC) No. 883/2004 of 29 April 2004¹, the individual shall, instead of being charged to universal social charge on the part of aggregate income for the tax year concerned that exceeds ^[43]>€20,687^{<[43][46]>[43]>}€21,295^{<[43]<[46][46]>}€22,920^<[46] at the rate provided for in column (2) of Part 1 of that Table, be charged on the amount of the excess at the rate of 2 per cent.

^<[41]

^[4]>

(3A) Where an individual is chargeable to income tax under Case IV of Schedule D in respect of an encashment amount, or a deemed encashment amount, as the case may be, under section 787TA, then—

(a) notwithstanding subsection (1) and the Table to this section, the individual shall be charged to universal social charge for the tax year in which the income tax is charged on the full amount so charged to income tax at the rate of ^[14]>4 per cent^{<[14][19]>[14]>}3.5 per cent^{<[14]<[19][24]>[19]>}3 per cent^{<[19]<[24][30]>[24]>}2.5 per cent^{<[24]<[30][30]>}2 per cent^<[30], and

(b) the amount so chargeable to income tax shall not be regarded as relevant income for the purposes of subsection (2).

^<[4]

^[15]>

(4) Subsection (3) shall cease to have effect for the tax year ^[31]>2018^{<[31][37]>[31]>}2020^{<[31]<[37][39]>[37]>}2021^{<[37]<[39][44]>[39]>}2022^{<[39]<[44][47]>[44]>}2023^{<[44]<[47][47]>}2024^<[47] and subsequent tax years.

^<[15]

^[20]>

(5) Subject to subsection (7), where relevant emoluments are paid on 31 December in a tax year or, if that year is a leap year, on 30 or 31 December in that year (referred to in this section as the ‘relevant date’) to an individual who is paid weekly or fortnightly, the part of aggregate income specified in column (1) of Part 1 or column (1) of Part 2, as appropriate, of the Table to this section shall be ^[25]>increased by^<[25][25]>increased by the greater of^<[25]—

(a) where the individual is paid weekly, one-fifty second of the amounts referred to in the appropriate column, and

(b) where the individual is paid fortnightly, one-twenty sixth of the amounts referred to in the appropriate column,

but where the relevant emoluments paid on the relevant date is less than the increase provided in paragraph (a) or (b), as appropriate, the increase in the part of the aggregate income shall be limited to the amount of the relevant emoluments.

(6)Where subsection (5) applies in respect of an individual, each amount of aggregate income referred to in subsections (1) and (3) and section 531AM(2) shall be ^[26]>increased by^<[26][26]>increased by the greater of^<[26]—

(a) where the individual is paid weekly, one-fifty second of the amount, and

(b) where the individual is paid fortnightly, one-twenty sixth of the amount,

but where the amount of the relevant emoluments paid on the relevant date is less than the increase provided in paragraph (a) or (b), as appropriate, the increase shall be limited to the amount of the relevant emoluments.

^<[20]

^[34]>

“TABLE

PART 2

^<[34]