Social Security Contributions (Class Two) for 2011

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.

Class 2 SSC Rates for 2011

			Annual Net Income €			Applies To
	Category		From	To	Weekly Rate	Self Employed	Self Occupied
	SP*		1,005	7,743	22.34
	SA		910	9,203	26.55 (1)
			*The SP rate applies only to single persons who are not self occupied.
			(1) €26.55 or 15% of the annual net earnings if the person is a part-time self-employed woman whose annual net earnings do not exceed €9,203 (see NOTE 1 at the bottom of the page)
			Persons born up to 31st December 1961
	SB		9,204	17,175	15%
	SC		17,176	n/a	49.54
			Persons born from 1st January 1962 onwards
	SB		9,204	18,400	15%
	SC		18,401	n/a	53.08(2)
			(2) See NOTE 2 at the bottom of the page
	NOTE 1: If the insured person elects to pay a contribution that is less than €26.55, such contribution may, if the person qualifies for a contributory benefit or a contributary pension, result in the payment of a reduced contributory benefit or contributory pension.
	NOTE 2: The increase in the highest contribution rate payable is related to a guaranteed maximum pensionable income as a result of the pension reform which became law by virtue of Act XIX of 2006 and Legal Notice 336 of 2006.