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Guernsey Increases Social Security Contribution Rates and Limits for 2025

10 December 2024

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Approved Changes

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Guernsey

Guernsey has published the Social Insurance (Rates of Contributions and Benefits etc.) Ordinance 2024, which increases the contribution rates and limits for 2025. The rates are as follows: Class 1 Employer - 7.0% (up from 6.9%) Class 1 Employee - 7.4% (up from 7.2%) Class 2 Self-Employed - 12.2% (up from 11.9%) Class 3 Non-Employed (under pension age) - 11.6% (up from 11.3%) Class 3 Non-Employed (over pension age) - 3.8% (up from 3.7%) For employed persons, the upper earnings limits are as follows: weekly - GBP 3,627.00 (up from GBP 3,459.00) monthly - GBP 15,717.00 (up from GBP 14,989.00)...