How is my Pension Taxed?
All pensions are subject to Income Tax and Universal Social Charge (USC) deduction on the PAYE basis. You will, therefore, require a Certificate of Tax Credits in respect of pension payments. If you have not already done this then the appropriate Certificate is available from your local tax office. Until we receive your updated Tax Credit Certificate from the Revenue, you will be taxed on an emergency tax basis. Please note that the following are the contact details for the Inspector of Taxes for each region.
If you live in Dublin please contact:
Central Revenue Information Office
Off O’Connell Street
Revenue Local Inquiry Office
Phone: 1890 33 34 25
If you live in Clare, Cork, Kerry or Limerick please contact:
Phone: 1890 22 24 25
If you live in Carlow, Kildare, Kilkenny, Laois, Meath, Tipperary, Waterford, Wexford or Wicklow please contact:
Phone: 1890 44 44 25
If you live in Cavan, Donegal, Galway, Leitrim, Longford, Louth, Mayo, Monaghan, Offaly, Roscommon, Sligo or Westmeath please contact:
Phone: 1890 77 74 25
If you are phoning from outside of Ireland please contact:
Phone: +353 1 647 4444
It may be of assistance to note that the Registered Employer’s Number of the Pension Scheme is 0065485S.
The Universal Social Charge is a tax payable on gross income from all sources if the total exceeds €10,036 per annum (not including Dept. of Social Protection Payments).
With effect from 1 January 2012 The Universal Social Charge individual deduction rates are now issued by revenue and are included on your tax credit certificate. If you have any query relating to the amount of USC deducted please contact your local tax office to query or update your details.
The Standard rates of Universal Social Charge for 2012 are:
- 2% on the first €10,036 per annum
- 4% on the next €5,980 per annum
- 7% on the balance.
However, these standard rates are modified in certain circumstances.
- In the case of Individuals aged 70 or over and individuals who hold full medical cards, 2% is payable on the first €10,036 and the 4% rate applies to all income over €10,036.
- Individuals in receipt of an Exclusion Order or those that live outside of the state, in a country that has a double taxation agreement with Ireland.