[social security contributions]
 

Social security contributions (class ii)

self occupied & self employed persons
Calendar year 1994


Category

where annual net income of 1993 [1]
weekly rate of contributions
sp
exceeds lm 430 but does not exceed lm1,991 (this category is applicable only to single persons who are not self occupied)
Lm 5.10
sa
does not exceed lm 2,521
lm 6.40
sb
exceeds lm 2,521 but does not exceed lm3,051
lm 7.70
sc
exceeds lm 3,051 but does not exceed lm3,581
lm 9.00
sd
exceeds lm 3,581 but does not exceed lm4,111
lm 10.25
se
exceeds lm 4,111 but does not exceed lm4,851
lm 12.05
sf
exceeds lm 4,851
lm 14.40


[1] the annual net income indicated above should exclude maternity benefit, children's allowance and any ex-gratia pension payable under the Social Security Act 1987, Cap 318. The annual net income for the rating of class two contributions should be that of the calendar year immediately preceding the contribution year in which the contribution is being paid.

 

Due dates for payment
april 30 17 contributions
august 31 17 contributions
december 21 18 contributions
 

 
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