Self-employed persons and employed persons pay different rates of Social Insurance as outlined below:

Self-employed:

The Contributions for self employed people are calculated as 12.6% of a pre‑determined “notional” income which varies depending upon profession or business activity.  The lowest level of “notional income” is €229 (Farmers; and similar professions; refuse collectors; workers in quarries, marine workers people responsible for provision of services and salesmen).  The highest level of notional income is €924

Employed persons

SI contributions for employees are 13.6% of salary (Employer pays 6.8% / Employee 6.8%).  The maximum level of annual income on which social insurance contributions are paid on is €48,048.

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 8% (Restricted to the maximum level as stated above)