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Guernsey Publishes Ordinance Increasing Social Security Contribution Limits for 2022

17 December 2021

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Approved Changes

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Guernsey

Guernsey has published the Social Insurance (Rates of Contributions and Benefits, etc.) Ordinance 2021, which provides for the implementation of the contributory benefits and contribution rates for 2022. The ordinance provides that the standard Class 1 contribution rates are set at 6.7% for employers and 6.8% for employees, which is up from 6.6% for both employer and employee contributions in 2021. Further, the upper and lower earnings limits are adjusted as follows: Upper earnings limit: weekly - increased from GBP 2,955 to GBP 3,027 monthly - increased from GBP 12,805 to GBP 13,117 Lower earnings limit: weekly - increased from...