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Class Two Contributions are to be paid by all
individuals who derive income of more than €910 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 €910 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.
2022
|
Annual Net
Income €
Applies To
|
|
|
Category
|
From
|
To
|
Weekly
Rate
|
Full
Time Farmers(2)
|
Self
Employed
|
Self
Occupied
|
|
|
SP*
|
1,006
|
9,387
|
27.08
|
n/a
|
|
|
|
|
*The SP rate
applies only to single persons who are not self occupied.
|
|
|
|
|
SA
|
910
|
10,848
|
31.29(1)
|
20.86
|
|
|
|
|
1 €31.29
or 15% of the annual net earnings if the person is a part-time self-occupied
woman or a full-time student who has not reached the age of 24 who is a
part-time self-occupied person or a pensioner who is a part-time
self-occupied person whose annual whose annual net earnings do not exceed
€10,848 (see NOTE 1 at the bottom of the page).
|
|
|
|
|
Persons
born up to 31st December 1961
|
|
|
SB
|
10,849
|
19,706.90
|
15%
|
10%
|
|
|
|
|
SC
|
19,706.91
|
n/a
|
56.85
|
37.90
|
|
|
|
|
|
|
Persons
born from 1st January 1962 onwards
|
|
|
SB
|
10,849
|
25,986
|
15%
|
10%
|
|
|
|
|
SC
|
25,987
|
n/a
|
74.96
|
49.97
|
|
|
|
|
|
|
1: If the insured person elects to pay a
contribution that is less than €31.29, such contribution may, if the
person qualifies for a contributory benefit or a contributory pension,
result in the payment of a reduced contributory benefit or contributory
pension.
2: This reduced rate is applicable for full-time farmers as identified by
the Department of Agriculture.
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|
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