Social Security Contributions (Class Two) Rates
Class Two Contributions are to be paid by all individuals who derive income of more than € 910 from an economic activity and who are not employed.
The Social Security Act defines two categories of persons that are required to pay Class 2 Contributions as follows:
Self Occupied Persons - persons who earn income from Trade, Business, Profession, Vocation or any other economic activity that exceeds €910 per annum.
Self Employed Persons - persons who receive income from rents, investments, capital gains or any other income.
Rates for Class Two Social Security Contributions are based on the annual net profit or income for the year preceding the contribution payment year.
|
Category Description |
|
|
Category |
Description |
|
|
|
A |
Persons under 18 years of age earning not more than the amount indicated below. |
|
|
|
B |
Persons aged 18 and over, earning not more than the amount indicated below. |
|
|
|
C |
All persons whose basic weekly wage is between the amounts indicated below. |
|
|
|
D |
All persons whose basic weekly wage is equal to or exceeds the amount indicated below. |
|
|
|
E |
Students* under 18 years of age. |
|
|
|
F |
Students* 18 years old and over. |
|
|
|
Basic Weekly Wage1 € |
Weekly Rate Payable2 € |
|
|
Category |
|
From |
To |
by Employee |
by Employer |
Total |
|
|
A |
|
31.60 |
158.11 |
6.62 |
6.62 |
13.24 |
|
|
B |
|
31.60 |
158.11 |
15.81* |
15.81 |
31.62 |
|
|
*Or if the employee chooses, 10% of the basic weekly wage1. This rate of contribution entitles the contributor to pro-rata contributory benefits. |
|
|
|
|
|
Persons born up to 31st December 1961 |
|
|
C |
|
158.12 |
334.96 |
10% |
10% |
n/a |
|
|
D |
|
334.97 |
n/a |
33.50 |
33.50 |
67.00 |
|
|
|
|
Persons born from 1st January 1962 onwards |
|
|
C |
|
158.12 |
378.50 |
10% |
10% |
n/a |
|
|
D |
|
378.51 |
n/a |
37.85 |
37.85 |
75.70 |
|
|
|
|
E |
|
n/a |
n/a |
10% Max.4.38 |
10% Max.4.38 |
n/a |
|
|
F |
|
n/a |
n/a |
10% Max.7.94 |
10% Max.7.94 |
n/a |
|
|
|
|
1Basic Weekly Wage or the weekly equivalent of the basic monthly salary. |
|
|
2For percentage rates, the weekly rate payable is calculated to the nearest cent |
Social Security Contributions (Class Two) Rates
Class Two Contributions are to be paid by all individuals who derive income of more than € 910 from an economic activity and who are not employed.
The Social Security Act defines two categories of persons that are required to pay Class 2 Contributions as follows:
Self Occupied Persons - persons who earn income from Trade, Business, Profession, Vocation or any other economic activity that exceeds €910 per annum.
Self Employed Persons - persons who receive income from rents, investments, capital gains or any other income.
Rates for Class Two Social Security Contributions are based on the annual net profit or income for the year preceding the contribution payment year.
|
Category Description |
|
|
Category |
Description |
|
|
|
A |
Persons under 18 years of age earning not more than the amount indicated below. |
|
|
|
B |
Persons aged 18 and over, earning not more than the amount indicated below. |
|
|
|
C |
All persons whose basic weekly wage is between the amounts indicated below. |
|
|
|
D |
All persons whose basic weekly wage is equal to or exceeds the amount indicated below. |
|
|
|
E |
Students* under 18 years of age. |
|
|
|
F |
Students* 18 years old and over. |
|
|
|
Basic Weekly Wage1 € |
Weekly Rate Payable2 € |
|
|
Category |
|
From |
To |
by Employee |
by Employer |
Total |
|
|
A |
|
31.60 |
158.11 |
6.62 |
6.62 |
13.24 |
|
|
B |
|
31.60 |
158.11 |
15.81* |
15.81 |
31.62 |
|
|
*Or if the employee chooses, 10% of the basic weekly wage1. This rate of contribution entitles the contributor to pro-rata contributory benefits. |
|
|
|
|
|
Persons born up to 31st December 1961 |
|
|
C |
|
158.12 |
334.96 |
10% |
10% |
n/a |
|
|
D |
|
334.97 |
n/a |
33.50 |
33.50 |
67.00 |
|
|
|
|
Persons born from 1st January 1962 onwards |
|
|
C |
|
158.12 |
378.50 |
10% |
10% |
n/a |
|
|
D |
|
378.51 |
n/a |
37.85 |
37.85 |
75.70 |
|
|
|
|
E |
|
n/a |
n/a |
10% Max.4.38 |
10% Max.4.38 |
n/a |
|
|
F |
|
n/a |
n/a |
10% Max.7.94 |
10% Max.7.94 |
n/a |
|
|
|
|
1Basic Weekly Wage or the weekly equivalent of the basic monthly salary. |
|
|
2For percentage rates, the weekly rate payable is calculated to the nearest cent |