Social insurance and other contributions are calculated at the following rates on employee’s gross weekly/monthly emoluments.
Percentage of Earnings | |||
Fund | Employer | Employee | Self Employed |
Social Insurance fund | 7.8% | 7.8% | 14.6% |
Redundancy fund | 1.2% | ||
Training Development fund | 0.5% | ||
Social Cohesion fund | 2% | ||
Holiday Fund (If is not exempt) | 8% | ||
TOTAL | 11.5% | 7.8% | 14.6% |
The following are the upper limits on employee’s gross emoluments:
Per week € | Per month € | Per annum € | |
Weekly employees | 1.046 | ....... | 54.392 |
Monthly employees | ....... | 4.533 | 54.396 |
For Employers | Paid monthly | Not later than the end of the calendar month following the month that the contributions relate |
For Self Employed | Paid quarterly: January - March April - June July - September October - December |
10th day following the end of the month following the end of each quarter |
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