The rate of Social insurance contributions is applied to a maximum level of emoluments. The maximum level of emoluments for 2014 and 2013 is €54.396 (weekly €1.046/monthly €4.533).

The rate for 2014 is 7,8% for both the employer and the employee.

The rate for 2013 was 6,8% for both the employer and the employee.

Other employer’s contributions

The employer makes the following other contributions based on employee’s emoluments:

Social cohesion fund 2,0*
Redundancy fund 1,2**
Industrial training fund 0,5**
Holiday fund (if not exempt) 8,0**

* Social cohesion fund is calculated on total emoluments and has no maximum level
** Restricted to the maximum level of emoluments as with the social insurance contributions

The contributions of self-employed persons are 14,6% (12,6% for 2013) of income. The amount of the contributions is subject to a lower and a maximum limit, depending on the profession or trade of the Self- Employed Person. These limits are set on an annual basis.

Social insurance 08/09/2014