[social security contributions]
 

Social security contributions (class ii)

self occupied & self employed persons
Calendar year 1996


Category

where annual net income of 1995 [1]
weekly rate of contributions
sp
exceeds lm 430 but does not exceed lm 2,108 (this category is applicable only to single persons who are not self occupied)
Lm 5.50
sa
does not exceed lm 2,716
lm 7.10
sb
exceeds lm 2,716 but does not exceed lm3,246
lm 8.40
sc
exceeds lm 3,246 but does not exceed lm3,776
lm 9.70
sd
exceeds lm 3,776 but does not exceed lm4,306
lm 10.95
se
exceeds lm 4,306 but does not exceed lm5.046
lm 12.75
sf
exceeds lm 5,046
lm 15.10


[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 18 contributions
august 31 17 contributions
december 21 18 contributions

 

 

 
independent associate member of morison international [HOME] [SITE MAP] [legal disclosure]
© 2003 mahoney & c0. All rights reserved.
developed by thinkdesign