It’s Easier for Self-employed Persons!
More Flexibility! More Benefits!
Registration
Please note you are required to register with the NISSS as a self-employed person. Even if you have an employer, you can still register and pay additional contributions if your income is less than the current earnings ceiling of $1,201 per week or $5,200 per month. Where a self-employed person is also employed, the self-employed earnings will be used, if necessary in calculating benefits.
For further information, please contact the:
- Registration Section at (246) 431-7400 Ext. 1601 to 1606.
Payment of Contributions
Pay Anytime! Pay as You Earn!
- Pay contributions daily, weekly, monthly or annually.
- Pay from $1,200 to $10,000 per year to qualify for benefits.
- Be eligible for short-term benefits with contributions of $1,200 or more during the previous year.
- The amount of benefit received is based on the contributions paid.
- All contributions paid will determine eligibility for old age contributory pension.
Flexible Payments
It’s Easier to Pay Contributions as a Self-employed Person!
- Pay any time of the year by a single payment or instalments.
- Pay via bank transfer, credit or debit card, cheque or cash.
- View contribution payments via the online Portal.
- Receive confirmation of payment via email.
- Receive an annual statement of paid contributions.
Benefits for the Self-employed
- Sickness benefit
- Maternity benefit
- Invalidity pension or grant
- Old-age contributory pension or grant
- Funeral grant
- Survivors’ pension or grant
Retroactive Payments for the Self-employed
- From 2027, late payments can be submitted three (3) years prior to the current year. E.g. Three years prior to 2027 is 2024. If the self-employed person wishes to pay a minimum of $1,200 in contributions per year, he/she has until 15th January 2025 to pay. The payment would be reduced by 5% to $1,140.
- Late payments cannot be submitted if a self-employed person has reached the voluntary pensionable age of 60 years old in 2024 and 61 years old in 2025 to 2027.
Refund of Contributions for the Self-employed
- For contributions paid which exceed the maximum in that year, the excess contributions will be credited to the succeeding year.
- Refunds are not granted automatically, therefore applicant needs to make a request.
- Notification will be issued for the excess contributions allocated to the succeeding years.
