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Finance

Last updated Jan 2017

General Information

Tax Certificates (P2C)

Revenue issue DCU with summary certificates only quoting your tax credit and cut off, along with USC rates and thresholds and LPT deduction (where applicable). Employees can get the full details of these certificates by logging on to myAccount (assuming you have registered via Revenue) via this link.   Revenue will no longer be issuing a paper copy version of this certificate. The only way to get your current Tax cert details is via myAccount on the Revenue websit. If you are not already registered you can do so through this link 

Staff are reminded that the make up of your certificate is personal to yourself and it is your responsibility to ensure that the detail is correct. So please ensure that you check your certificate and your first pay slip to avoid any over or underpayment of Tax or USC.

Log on to http://www.dcu.ie/finance/revenue_commissioners.shtml for Revenue's contact phone numbers and addresses.

Universal Social Charge:

This deduction came into effect on 01st January 2011

As and from 1 January 2012, the deduction of USC changed from a week 1 basis to a cumulative basis. Revenue will notify employers of the USC rates and thresholds to be applied for all employees. If you work for more than one employer Revenue will split out the thresholds accordingly.

The standard rates of Universal Social Charge are:

2017 
0.5% - on the first €12,012 

2.5% - on the next €6,760

 

5% - on the next €51,272

 
8% - on the balance 

The Reduced rates of Universal Social Charge are:

2017 
Individuals aged 70 years or over whose aggregate income for the year is €60,000 or lessIndividuals (aged under 70) who hold a full medical card whose aggregate income for the year is €60,000 or less  
0.5% - on the first €12,012The 2.5% rate applies to all income over €12,012  

Notes:

'Aggregate' income for USC purposes does not include payments from the Dept of Social Protection. A 'GP only' card is not considered a full medical card for USC purposes. There is a surcharge of 3% on individuals who have non-PAYE income that exceeds €100,000 in a year.

The Exempt categories for Universal Social Charge are:

2017 
Where an individual's total income for a year does not exceed €13,000 
All Dept of Social Protection payments 
Income already subjected to DIRT 

Full Medical Card Holders:

Revenue hold a list of all current medical card holders supplied to them by the HSE. They instruct employers of the appropriate USC rates and thresholds to be applied for all current Full Medical Card Holders.

Upon receipt of a full medical card, it is advisable that an employee should notify Revenue immediately (not DCU). Revenue will then issue a revised tax credit certificate to both the employee and DCU. Any refund due will then be automatically made by DCU with your next payroll payment.

Note: Revenue supplies only the information your employer needs to calculate the tax and USC you pay. All other personal information you give Revenue remains confidential between you and Revenue. The revised tax credit certificate issued to your employer will not state that you hold a full medical card. See 2.4 of FAQ on USC at http://www.revenue.ie/en/tax/usc/index.html

Pension Related Deduction:

This deduction came into effect on 1st March 2009.

Brief outline of the deduction:

This deduction applies to staff who:

  1. Are members of the DCU Pension Scheme or
  2. Are members of any other public service pension scheme
  3. Are entitled to benefit under such a scheme now or in the future
  4. Receive a payment in lieu of membership of such a scheme
  • This is not a pension contribution and no pension benefit accrues from this deduction.
  • It is based on all Taxable Income (Pensionable or non Pensionable Income e.g. allowances, overtime) earned from 1st March 2009 onwards.
  • Easi Travel and Cycle to Work Scheme, Social Welfare Maternity payments are exempt from this deduction
  • Full Tax Relief is given at source on the amount due. This has no impact on any other pension related tax relief.

As and from 1 January 2011, the deduction of PRD changed from a week 1 basis to a cumulative basis. If DCU is you main employer then the standard thresholds are applied to your DCU payment. If DCU is your subsidiary employment then DCU is obliged to deduct 10.5% from each payment. Employees will be issued with a certificate at the end of a tax year or when the leave the University stating the amount paid in that tax year. This certificate should be passed onto your main employer if applicable otherwise this document is retained for your personal information. 

2017 Rates and Thresholds  
First €28,750-Exempt 

Next €31,250-10%

Balance at 10.5%

 

 Presently DCU have authority to give Tax Relief and PRSI Relief at source on the following:

DCU Pension Contribution, Group Life Plan, Added Voluntary Contributions, and Purchase of Added Years, Purchase of Temporary Years Service, Purchase of External Service and Public Service PRSA's (DCU Provider Ir Life) all subject to the present relief limits (see below) of qualifying annual earnings.

Up to 30 years of age15%
30 to 39 years of age20%
40 to 49 years of age25%
50 to 54 years of age30%
55 to 59 years of age35%
60 Plus40%

Age at anytime during the year of assessment, subject to a maximum of €115,000 PA.

The Easi Travel Pass, Cycle to Work Schemes and 1.85% of your Income Continuance Plan are also given relief at source but are not included in the above percentage limits.

Cycle to Work Scheme:

This scheme is available at DCU and administered by the HR Department for further information click on this link

Easi Travel Pass Scheme:

This scheme is available at DCU and administered by the HR Department for further information click on this link 

Voluntary Health Insurance:

Staff should be aware that there is an independent web site run by the Health Insurance Authority where you can compare the costs of various types of cover with each provider. Log on to http://www.hia.ie
Or
You can get a free comparison from Cornmarket (DCU Financial Consultants) By logging on to https://www.cornmarket.ie/product/health-insurance/dcu

VHI:

DCU has a VHI group scheme, number 48/4318. Our renewal date is 22nd September each year, but staff can join at any time. The individual deals directly with VHI ensuring to quote your staff number on your application form. They in turn will notify DCU of your contribution amount, to be deducted weekly/monthly from your payroll. If you wish to transfer from another group scheme you just have to contact VHI and quote our group number and your DCU staff number and they will look after all the paper work. For more information http://www.vhi.ie/ or telephone 1890 444 444.

Other Private Health Insurance Companies

Currently DCU does not have a group scheme set up with any of these companies but full details are available on

 

Flat Rate Expenses for Academic Staff:

The following grades have a standard expense allowance, which is still given at the higher rate of tax. If this does not appear on your Tax Credits and Standard Rate Cut-off Point Notice, you should go to the Revenue On Line PAYE Anytime Service and claim under Flat Rate Expenses (NOTE-THERE HAS BEEN NO CHANGE TO RATES SINCE 2008).

 200620072008 onwards
Professor, Head of School€558 PA€608PA€608PA
Assoc Prof., Senior Lec. Lec. Above Bar and Lec. Below Bar€475PA€518PA€518PA
Part-Time Lecturer (On full hours)€475PA€518PA€518PA
Part-Time Lecturer. (Not on full hours)€256PA€279PA€279PA

PAYE Exclusion Orders:

PAYE exclusion orders can be held for certain members of staff, depending on their country of origin and that they are in Ireland for the first time and staying under a two-year period. This is a detailed area with many factors taken into account and is looked after by Revenue. Individuals who feel they may fall into this category should email dublinnorthcitypaye@revenue.ie with name, PPSNo, address (if application is being made on the basis of being a non resident, the address abroad and date of birth) along with a copy of your singed contract. There are no forms in relation to this procedure however you may be required to submit a letter from your employer with details of your Contract duration and Postion which you can request through the HR Officer that deals with your School\Department.

Pay Related Social Insurance (PRSI)

All staff of the University makes contributions to the Pay Related Social Insurance scheme (PRSI), whether they are permanent, temporary full-time or temporary part-time. Different rates can apply to each of these three categories and each rate entitles the staff member to different benefits.

Permanent Staff

Staff employed by the University prior to the 6/4/95, have PRSI deducted at Contribution Class D. Staff employed after that date, which have not previously paid the reduced PRSI rate, contributions are deducted at Class A.

Temporary Full-Time Staff

PRSI contributions are deducted at Class A for all full-time temporary staff. (If you are on a Career Break from another employer please inform the payroll section so it can be confirmed that class A is the correct PRSI in your individual case.)

Temporary Part-Time Staff

Most part-time members of staff pay PRSI contributions at class A. If however an individual is paying reduced rate of PRSI (Class D or Class B) elsewhere, he/she may be entitled to pay at class J on the University's income. It is very important that you enter the correct PRSI Class on your Online Payroll Form. Remember it can save you money. (If you are on a Career Break from another employer please inform the payroll section so it can be confirmed that class A is the correct PRSI in your individual case).

Details of Benefits

Entitlement for these PRSI contributions depends on the number of contributions made. It is essential that an individual register with their local Social Welfare Office if at any time they are not in receipt of income. This ensures that they receive a credit PRSI contribution for the period in question if appropriate. A PRSI week goes from the first day of the calendar year, each year i.e. 2017 a PRSI week is from Sunday to Saturday. To be entitled to a PRSI contribution week you must work at some stage within a Sunday to Saturday (in 2017) of that week.

Each benefit has its own conditions for eligibility. For further information http://www.welfare.ie/en/Pages/Treatment-Benefit1.aspx

Other useful links: