• Tax Update January 2019 - National Health Scheme (NHS) Social Insurance Rates

Tax Update January 2019 - National Health Scheme (NHS) Social Insurance Rates

25 January 2019

 

National Health Scheme (NHS) introduction


Effective from 1 March 2019 the National Health Scheme contributions are introduced for employers, employees and self employed persons as well as for persons receiving other forms of income. The relevant rates of contribution are stated below:

 

Category

Applied on following income

1/3/19 to 28/2/20

1/3/20 onwards

Employees

Personal Emoluments

1.70%

2.65%

Employers

Employees Emoluments

1.85%

2.90%

Self-Employed persons

Own Income

2.55%

4%

Pensioners

Pension

1.70%

2.65%

Persons earning other income

Rental income, interest income, dividend income etc

1.70%

2.65%

 

Phase A of the NHS applies from 1/3/19 to 28/2/20 and Phase B from 1/3/20 onwards.  
The NHS contributions are capped to a total annual income of €180.000.

 

Social Insurances


Effective from 1/1/2019, both employer and employee Social Insurance Contributions are increased by 0,5%, from 7,8% to 8,3%. The increase will be applicable for the next five years. Similarly, the Social Insurance Contributions payable by self-employed individuals are increased by 1%, from 14,6% to 15,6%.
In addition the annual yearly maximum insurable amount on which social insurances are calculated has been increased to euro 54.648 (monthly amount of euro 4.554).