Employers - Contribution Rates

As an employer you must ensure that payments are made on behalf of your employees. The Contribution tables will help you to calculate contributions correctly and simplify the process of entering contributions in the schedules.

As you know, since January 1, 2005 the National Insurance contribution rate was increased by 1%. The employer pays half of the 1% increase (0.5%) and the employee pays the other half of the 1% (0.5%) i.e. the amount is deducted from the employee’s earnings and contributed on their behalf.

Click to View Contribution Rates


Related Links

TVET Council

Barbados National Productivity Council

arbados Chamber of Commerce and Industry

Barbados Employers’ Confederation

iVillage