Social Insurance Print

Contributions

Employer 6,7%
Employee 6,7%

There maximum level of annual income on which social insurance contributions are paid on and this is revised on a regular basis. For the year 2009 the maximum level was as follows:

Weekly employees 48.048
Monthly employees 48.048

Other employer’s contributions

The employer makes the following other contributions based on employee’s emoluments (which are restricted to the maximum level of €48.048 as stated above):

Social Cohesion fund 2 %
Redundancy fund 1,2 %
Industrial Training fund 0,5 %
Holiday fund (if not exempt) 8 %