Based on the announcement issued on February 1, 2025, by the Social Insurance Services Department, the maximum amount of insurable earnings for 2025 has increased as follows:
– Weekly: From €1,209 to €1,281
– Monthly: From €5,239 to €5,551
– Annually: From €62,868 to €66,612
It is important to note that contributions to the Social Cohesion Fund are calculated based on actual earnings and are not subject to these caps.
Please refer to the summary table below for the applicable contribution rates payable by employers and employees for 2025:
Employer Contribution | Employee Contribution | Cap | |
Social Insurance | 8.8% | 8.8% | €66.612 per annum |
Redundancy | 1.2% | – | €66.612 per annum |
Training & Development | 0.5% | – | €66.612 per annum |
Social Cohesion | 2.0% | – | No Cap |
General Healthcare System | 2,9% | 2,65% | €180.000 per annum |
Our team is dedicated to providing you with comprehensive support.
Should you have any questions or concerns, we encourage you to reach out to us for a complimentary consultation. We are committed to offering the guidance necessary for you to navigate the tax landscape with confidence.
Phone: +357 25 846 274
Email: fmaa-cy@uniteamservices.com
Website: https://www.uniteamservices.com/
Please feel free to contact us should you require any further information.
We look forward to assisting you!