Class 2 Social Security Contributions
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Class 2 Social Security Contributions

Class Two Contributions are to be paid by all individuals who derive income of more than Lm390 from an economic activity and who are not employed.

The Social Security Act defines two categories of persons that are required to pay Class 2 Contributions as follows:

Self Occupied Persons - persons who earn income from Trade, Business, Profession, Vocation or any other economic activity that exceeds Lm390 per annum.

Self Employed Persons - persons who receive income from rents, investments, capital gains or any other income.

Rates for Class Two Social Security Contributions are based on the annual net profit or income for the year preceding the contribution payment year.


                    Annual Net  Income Lm                                                                              Applies To
     Category From To Weekly Rate Self Employed Self Occupied
      SP* 430 2,290 6 tick.png cross.png
* The SP rate applies only to single persons who are not self occupied.
        SA 390 2,898 7.65 tick.png tick.png
       SB 2,899 3,428 8.95 tick.png tick.png
      SC 3,429 3,958 10.25 tick.png tick.png
      SD 3,959 4,488 11.5 tick.png tick.png
       SE 4,489 5,228 13.3 tick.png tick.png
       SF 5,229 n/a 15.65 tick.png tick.png


Social Security Contributions