Social Security Contributions Class1 Rates

4/2/2012

Class 1 Social Security Contribution Rates

Class 1 Social Security Contributions
	Categ.	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 falls between the amounts indicated below
	D	All persons whose basic weekly wage is equal to or exceeds the amount indicated below
	E¹	Students under 18 years of age
	F²	Students 18 years old and over

¹ Category E: Persons under eighteen years of age who are following a full time course of studies or instruction under the student worker scheme, or other similar schemes (including the extended training schemes, but excluding the worker-student schemes) involving distinct work and study periods for which they are receiving remuneration.

² Category F: Persons over eighteen years of age 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

	Basic Weekly Wage (€)			Weekly Rates (€)
Categ.	From		To	Employee	Employer	Total
A	0.00	-	152.29	6.62	6.62	13.24
B	0.00	-	152.29	15.23 *	15.23	30.46
C	152.30	-	329.14	10%	10%	n/a
D	329.15	-	n/a	32.91	32.91	65.82
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
* Or if the employee chooses, 10% of the weekly wage. This rate of contribution entitles the contributor to pro-rata contributory benefits.

Class 2 Social Security Contribution Rates

Rates for Class 2 Social Security Contributions are based on the annual net profit or income for the year preceding the contribution payment year.

For Social Security Contribution purposes:

Self Occupied persons are persons who earn income from Trade, Business, Profession, Vocation or any other economic activity that exceeds the threshold¹ (refer to table below).
Self Employed persons are persons who receive income from rents, investments, capital gains or any other income.
All rates except the 'SP' rate apply to self occupied persons.

The 'SP' rate applies to single persons who are not self-occupied and when the total net income in the previous year exceeds the threshold² as indicated in the tables below.