Reminder to All Employers and Self-employed Persons

 August 28, 2013 |  Administrator
The Social Security Board wishes to remind all employers and self-employed persons that the amended Collection of Contributions Regulations, No. 15 of 2013 came into effect May 1, 2013.

The new contribution rates are as follows:
  • Self-employed persons- 10%
  • Private Sector employees- 4%; Employers-6%
  • Public Sector employees-3%; Employers-6%
The new contribution ceilings are:
  • Monthly maximum- $6,500
  • Fortnightly maximum- $3,000
  • Weekly maximum- $1,500