- Posted January 15, 2015
Social Insurance news
The social insurance contribution rates for 2015 are as follows:
| Social Insurance contributions for 2015 | ||
|---|---|---|
| Fund | Employer | Employee |
| Social insurance | 7,8% | 7,8% |
| Social insurance | 7,8% | 7,8% |
| Reluctance | 1,2% | n/a |
| Trading and development | 0,5% | n/a |
| Social Cohesion | 2,0% | n/a |
| Total | 11,5% | 7,8% |
For 2015, the maximum amount of insurable earnings has remained unchanged at €1.046 per week, €4.533 per month and €54.396 per annum. It should be noted that the contributions to the Social Cohesion Fund are calculated on the actual earnings i.e. not subject to the above cap.
The contribution rate for self-employed persons is 14,6% on income which is determined in accordance with a circular issued by the Commissioner of the Social Insurance Department.
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