MT
Revision of the Rates of Social Security Contributions Order, 2012
Statutory Text (3 Articles)
L.N. 117 of 2012
SOCIAL SECURITY ACT
(CAP. 318)
Revision of the Rates of Social Security Contributions Order, 2012
IN exercise of the powers conferred by article 84 of the Social
Security Act, the Minister of Justice, Dialogue and the Family, with
the concurrence of the Minister of Finance, the Economy and
Investment has made the following order: -
(1)
The title of this order is the Revision of the Rates Citation and
commencement.
of Social Security Contributions Order, 2012.
(2) This order shall be deemed to have into force on the 2nd
January, 2012.
The Tenth Schedule to the Social Security Act shall be Substitutes the
Tenth Schedule
substituted by the following
to the Social
Security Act.
"TENTH SCHEDULE
(Articles 7 and 10)
RATES OF CONTRIBUTIONS
PART I
Class One Contributions
(Employed Persons)
Weekly Rate of
Weekly Rate of
Contribution
Category
Type of Employed Persons
Contribution Payable by
Payable by the
Employed Person
Employer
Persons under 18 years of age
whose basic weekly wage or the
A
weekly equivalent of their basic
€6.62
€6.62
monthly salary does not exceed
€158.11
€15.81, or if the insured
person
elects,
10%
Persons over 18 years of age whose
calculated to the nearest
basic weekly wage or the weekly
cent of such person’s basic
B
€15.81
equivalent of their basic monthly
weekly wage or the
salary does not exceed €158.11
weekly equivalent of such
person’s basic monthly
salary (see note 1 below)
Persons born on 31 December 1961
or before whose basic weekly wage
or the weekly equivalent of their
10% calculated to
basic monthly salary exceeds
10% calculated to the
the nearest cent of
€158.11 but does not exceed
nearest cent of their basic
their basic weekly
€334.96
C
weekly wage or the
wage or the weekly
Persons born on 1 January 1962 or
weekly equivalent of their
equivalent of their
after whose basic weekly wage or
basic monthly salary
basic
monthly
the weekly equivalent of their basic
salary
monthly salary exceeds €158.11 but
does not exceed €378.50 (see note 2
below)
Persons born on 31 December 1961
or before whose basic weekly wage
or the weekly equivalent of their
€33.50
€33.50
basic monthly salary exceeds
€334.96
D
Persons born on 1 January 1962 or
after whose basic weekly wage or
the weekly equivalent of their basic
€37.85
€37.85
monthly salary exceeds €378.50
(see note 2 below)
10% calculated to
Persons under eighteen years of age
the nearest cent of
who are following a full-time course
10% calculated to the
the basic weekly
of studies or instruction under the
nearest cent of the basic
remuneration or the
Student-Worker Scheme, or other
weekly equivalent
weekly remuneration or the
similar schemes (including the
E
weekly equivalent of their
of
their
basic
Extended Skills Training Schemes,
monthly
basic monthly remuneration
but excluding the Worker-Student
up to a maximum rate of
remuneration up to
Schemes) involving distinct work and
contribution of €4.38
a maximum rate of
study periods for which they are
contribution
of
receiving remuneration
€4.38
10% calculated to
Persons over eighteen years of age
the nearest cent of
who are following a full-time course
10% calculated to the
the basic weekly
of studies or instruction under the
remuneration or the
nearest cent of the basic
Student-Worker Scheme, or other
weekly remuneration or the
weekly equivalent
similar schemes (including the
F
of
their
basic
weekly equivalent of their
Extended Skills Training Schemes,
basic monthly remuneration
monthly
but excluding the Worker-Student
up to a maximum rate of
remuneration up to
Schemes) involving distinct work and
contribution of €7.94
a maximum rate of
study periods for which they are
contribution
of
receiving remuneration
€7.94
NOTE 1: If the insured person elects to pay a contribution of 10% of a basic wage or salary less than
the weekly equivalent of the National Minimum Wage, such contribution may, if the person qualifies
for a contributory benefit or a contributory pension, result in the payment of a reduced contributory
benefit or contributory pension.
NOTE 2: By virtue of Act XIX of 2006 and Legal Notice 336 of 2006, as a result of which the pension
reform became law, the pensionable income of persons born on the 1st January, 1962 or after, from the
year 2012 is guaranteed with the amount of €19,682. Therefore this is being reflected in the increase in
the highest contributory rate payable.
Part II
Class Two Contributions
(Self-Employed Persons)
Weekly Rate of Contributions payable
Category
Type of Self Employed Persons
by a self-employed person
Persons whose annual net earnings
(excluding
Maternity
Benefit,
Children’s Allowance and any ex-gratia
Benefit payable under article 88 of this
Act) during the calendar year
immediately preceding the contribution
year in which the contribution is being
paid
Exceeds €1,005 but does not exceed
€7,985 (this category is applicable
SP
ONLY to single persons who are not self-
€23.03
occupied)
SA
is less than €9,445
€27.25
Persons born on 31 December 1961 or
before whose annual net income
exceeds €9,445 but does not exceed
The weekly equivalent of 15% of their
€17,417
SB
annual income calculated to the nearest
cent.
Persons born on 1 January 1962 or
after whose annual net income exceeds
€9,445 but does not exceed €19,682
Persons born on 31 December 1961 or
before whose annual net income
€50.24
exceeds €17,417
SC
Persons born on 1 January 1962 or
after whose annual net income exceeds
€56.78
€19,682 (see NOTE 1 below)
NOTE 1: By virtue of Act XIX of 2006 and Legal Notice 336 of 2006, as a result of which the
pension reform became law, the pensionable income of persons born on the 1st January, 1962 or
after, from the year 2012 is guaranteed with the amount of €19,682. Therefore this is being reflected
in the increase in the highest contributory rate payable.
B B 933
Part III
Class Two Contributions
(Self Occupied Persons)
Weekly Rate of Contributions
Category
Type of Self Occupied Persons
payable by a self-occupied person
Persons whose annual net earnings (excluding
Maternity Benefit, Children’s Allowance and any
ex-gratia Benefit payable under article 88 of this
Act) during the calendar year immediately
preceding the contribution year in which the
contribution is being paid
SA
is less than €9,445
€27.25 or 15% of the annual net
earnings if the person is a part-
time self-employed woman
whose annual net earnings do
not exceed €9,445 (see NOTE 1
below)
or
€18.16 if the person is a full-
time farmer or breeder whose
annual net earnings do not
exceed €9,445
Persons born on 31 December 1961 or before
The weekly equivalent of 15% of
whose annual net earnings exceeds €9,445 but does
their annual earnings calculated to
not exceed €17,417
the nearest cent
SB
or
Persons born on 1 January 1962 or after whose
The weekly equivalent of 10% if a
annual net earnings exceeds €9,447 but does not
full-time farmer or breeder
exceed €19,682
€50.24
Persons born on 31 December 1961 or before
or
whose annual net earnings exceeds €17,417
€33.50 if a full-time farmer or
breeder
SC
€56.78
Persons born on 1 January 1962 or after whose
or
annual net earnings exceeds €19,682 (see NOTE 2
€37.85 if a full-time farmer or
below)
breeder
NOTE1: If the insured person elects to pay a contribution that is less than €27.25, such contribution
may, if the person qualifies for a contributory benefit or a contributory pension, result in the payment
of a reduced contributory benefit or contributory pension.
NOTE 2: By virtue of Act XIX of 2006 and Legal Notice 336 of 2006, as a result of which the
pension reform became law, the pensionable income of persons born on the 1st January, 1962 or
after, from the year 2012 is guaranteed with the amount of €19,682. Therefore this is being reflected
in the increase in the highest contributory rate payable.”.
€0.54