2. Amendment of section 531AN of Principal Act (rate of charge)
(1) Section 531AN of the Principal Act is amended -
(a) in subsection (3), by the substitution of "€25,760" for "€22,920",
(b) in subsection (4), by the substitution of "2026" for "2024", and
(c) by the substitution of the following for Part 1 of the Table to that section:
"Part 1
|
Part of aggregate income (1) |
Rate of universal social charge (2) |
|
The first €12,012 |
0.5 per cent |
|
The next €13,748 |
2 per cent |
|
The next €44,284 |
4 per cent |
|
The remainder |
8 per cent |
".
(2) Subsection (1) applies for the year of assessment 2024 and each subsequent year of assessment.