Social Insurance and National Health Service contribution rates for 2019
Published by: P. Constantinou & Co. Ltd
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΄|
|Other income (incl. rent, interest, dividends)||1,70%||2,65%|
|Person holding an office||1,70%||2,65%|
|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.|