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USC to Increase for those on Special Rate

360 thousand pensioners and medical card holders will face a hike in their Universal Social Charge from the start of next year.

It's as a result of a special low rate of 4 percent coming to an end – and being replaced by a 7 percent rate.

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The Irish Independent reports that those affected will be hit by as much as 700 euro a year.

At the same time, high-earning self-employed people will also see a drop in their 10 percent USC rate to 7 percent – resulting in savings.

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