USC on Employer Contributions to PRSAs
By Michael O'Hare | 5 th September 2014
An employer contribution to a Personal Retirement Savings Account (PRSA) is a chargeable benefit-in-kind for tax purposes in the hands of the employee. As the Universal Social Charge (USC) treatment follows the income tax treatment, USC should be deducted on this employer contribution. While these contributions are regarded as a taxable benefit in the employee's...
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