The Malta Social Security Contribution 2015 was launched during the Budget Speech which was on the 17th of November 2014 by Minister Edward Scicluna.
The categories for the Malta Social Security Contribution 2015 are as follows:
|
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.
|
*Students who are following a full-time course of studies or instruction under the Student-Worker Scheme, or other similar schemes (including the Extended Skills Training Schemes, but excluding the Worker-Student Schemes) involving distinct work and study periods for which they are receiving remuneration.
Malta Social Security Contributions 2015 are as follows:
|
|
Basic Weekly Wage1 €
|
Weekly Rate Payable2 €
|
|
|
Category
|
|
From
|
To
|
by Employee
|
by Employer
|
Total
|
|
|
A
|
|
0.10
|
166.26
|
6.62
|
6.62
|
13.24
|
|
|
B
|
|
0.10
|
166.26
|
16.63*
|
16.63
|
33.26
|
|
|
*Or if the employee chooses, 10% of the basic weekly wage. This rate of contribution entitles the contributor to pro-rata contributory benefits.
|
|
|
Persons born up to 31st December 1961
|
|
|
C
|
|
166.27
|
343.11
|
10%
|
10%
|
n/a
|
|
|
D
|
|
343.12
|
n/a
|
34.31
|
34.31
|
68.62
|
|
|
|
|
Persons born from 1st January 1962 onwards
|
|
|
C
|
|
166.27
|
418.25
|
10%
|
10%
|
n/a
|
|
|
D
|
|
418.26
|
n/a
|
41.83
|
41.83
|
83.66
|
|
|
|
|
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
|
|
|
|
|
1 Basic Weekly Wage or the weekly equivalent of the basic monthly salary.
|
|
|
2 For percentage rates, the weekly rate payable is calculated to the nearest cent.
|
The Malta Social Security Contribution 2015 was launched during the Budget Speech which was on the 17th of November 2014 by Minister Edward Scicluna.
The categories for the Malta Social Security Contribution 2015 are as follows:
|
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.
|
*Students who are following a full-time course of studies or instruction under the Student-Worker Scheme, or other similar schemes (including the Extended Skills Training Schemes, but excluding the Worker-Student Schemes) involving distinct work and study periods for which they are receiving remuneration.
Malta Social Security Contributions 2015 are as follows:
|
|
Basic Weekly Wage1 €
|
Weekly Rate Payable2 €
|
|
|
Category
|
|
From
|
To
|
by Employee
|
by Employer
|
Total
|
|
|
A
|
|
0.10
|
166.26
|
6.62
|
6.62
|
13.24
|
|
|
B
|
|
0.10
|
166.26
|
16.63*
|
16.63
|
33.26
|
|
|
*Or if the employee chooses, 10% of the basic weekly wage. This rate of contribution entitles the contributor to pro-rata contributory benefits.
|
|
|
Persons born up to 31st December 1961
|
|
|
C
|
|
166.27
|
343.11
|
10%
|
10%
|
n/a
|
|
|
D
|
|
343.12
|
n/a
|
34.31
|
34.31
|
68.62
|
|
|
|
|
Persons born from 1st January 1962 onwards
|
|
|
C
|
|
166.27
|
418.25
|
10%
|
10%
|
n/a
|
|
|
D
|
|
418.26
|
n/a
|
41.83
|
41.83
|
83.66
|
|
|
|
|
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
|
|
|
|
|
1 Basic Weekly Wage or the weekly equivalent of the basic monthly salary.
|
|
|
2 For percentage rates, the weekly rate payable is calculated to the nearest cent.
|