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Guernsey Publishes Ordinance Increasing Social Security Contribution Limits for 2021

23 December 2020

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Approved Changes

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Guernsey

Guernsey has published the Social Insurance (Rates of Contributions and Benefits, etc.) Ordinance 2020, which provides for the implementation of the recommended contributory benefits and contribution rates for 2021. The main change is an increase in all contribution earnings income limits by 2.6%, resulting in the following for employers/employees: Upper earnings limit: weekly - increased from GBP 2,880.00 to GBP 2,955.00 monthly - increased from GBP 12,480.00 to GBP 12,805.00 Lower earnings limit: weekly - increased from GBP 144.00 to GBP 148.00 monthly - increased from GBP 624.00 to GBP 641.33 The standard contribution rates remain 6.6% for both employer...