Self-Employed - Contribution Rates
“Self-employed persons are required to pay contributions on minimum earnings of $21 to a maximum of $1,126 per week and on minimum earnings of $91 to a maximum of $4,880 per month.”
Do self-employed persons have to pay contributions?
You are required to pay contributions at a rate of 17.1% on a quarterly basis. The payment dates for self-employed persons are January 15, April 15, July 15 and October 15, 2020.
You make payments on the Contributions Schedule and Payment Certificate provided by the Department. Your
contributions should be paid within fifteen (15) days after the end of the calendar quarter for which they are due.
There is a penalty for late payment.
How much do I pay?
From January 1, 2020, the rate of contributions and the levy payable became 17.1% of insurable earnings to a
maximum of $4,880 per month for persons between 16 and pensionable age.
Contributions and levy are made up like this:
National Insurance – 13.50%
Non-Contributory – 2.00%
Training Levy – 0.50%
Health Levy -1.00%
Catastrophe Fund – 0.10%
Total – 17.1%
Your contributions are based on your earnings from self-employment during the period of the year immediately
before the contribution year in which the contribution is due.
I’ve been self-employed for less than a year; do I have to pay contributions?
If you’ve been self-employed for less than a year, the National Insurance Board, which may need to see
evidence of your earnings, will work out your rate of contribution. You can also ask the Board to decide on your
rate of contribution.