Payers are
being notified regarding an adjustment by the Department of Social Security on
the Social Security contributions rates for the basis year 2020. This
adjustment relates to the basic salary threshold of category 'D' for those
persons born up to 31 December 1961.
As a result
of this adjustment the revised rates as from 1 January 2020 for this category
of persons is as shown in table below:
|
Basic Weekly Wage €
|
Weekly Rate Payable €
|
|
Category
|
From
|
To
|
Employee
|
Employer
|
Total
|
Maternity
|
|
C
|
179.34
|
365.72
|
10%
|
10%
|
n/a
|
0.30%
|
|
D
|
365.73
|
n/a
|
36.57
|
36.57
|
73.14
|
1.08
|
Payers who have already paid the January 2020
Monthly Payment Advice (FS5) may adjust and increase the payment in February’s
FS5 without incurring any penalties.