Sunday 19 May 2019
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Social Insurance and National Health Service contribution rates for 2019


Social Insurance Contributions rates

As from 1/1/2019 the social insurance rates for both employees and employers has increased by 0.5% on the insurable earnings of the employee. Therefore the rates for social insurance contributions as from 1/1/2019 are 8.3% (increased from 7.8%) for both employees and employers. The maximum amount of insurable earnings has been revised upwards from the previous year to €1.051 per week, €4.554 per month and €54.648 per annum.

For self-employed individuals the contributions have increased from 14.6% to 15.6%.

National Health Service (NHS) rates

As from 1/3/2019 the first phase of the NHS will be implemented. The rates for NHS fund will be as follows:

 

CONTRIBUTORS CATEGORIES March 2019 March 2020  
  Phase Α΄ Phase Β΄  
       
Employees 1,70% 2,65%  
Pensioners 1,70% 2,65%  
Other income (incl. rent, interest, dividends) 1,70% 2,65%  
Person holding an office 1,70% 2,65%  
Self Employed 2,55% 4,00%  
Employers (for employees) 1,85% 2,90%  
State (for employees, pensioners, government officials, self-employed) 1,65% 4,70%  
       
For the calculation of the contribution per natural person there is a limit of €180.000 on the income.


Published by: P. Constantinou & Co. Ltd

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