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Guernsey to Increase Social Security Contribution Rates and Limits for 2025

03 October 2024

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Proposed Changes

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Guernsey

The Guernsey Committee for Employment & Social Security has issued a proposal for an increase in the contribution rates and limits for 2025. The proposed 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 proposed upper and lower earnings limits are as follows: Upper earnings limit: weekly - GBP 3,627.00 (up from GBP 3,459.00) monthly...