Changes in social insurance contribution rates and the maximum earnings threshold on which social insurance contributions are paid (from 01/01/2024)
As of 01/01/2024, the social insurance contributions rates
change as follows:
For employees: 8.8% contribution by the employee and 8.8%
contribution by the employer.
For self-employed persons: 16.6% contribution.
As of 01/01/2024 the maximum annual earnings threshold on which
social insurance contributions are paid is increased to
€62,868 (€1,209 weekly and €5,239 monthly).
Originally published January 10, 2023.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
