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Jersey Publishes Regulations Providing Temporary Reduction in Employee and Self-Employed Social Security Contributions

15 September 2020

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Approved Changes

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Jersey

Jersey has published the COVID-19 (Social Security – Reduction of Contribution Rates) (Jersey) Regulations 2020, which were made on 9 September 2020. The regulations provide for the temporary reduction in employee and self-employed social security contributions announced in July in response to the COVID-19 pandemic, which includes: For employees – a 4% employee contribution rate (instead of 6%) on earnings up to GBP (JEP) 4,558 per month. For the self-employed – a 10.5% contribution rate (instead of 12.5%) on business income up to GBP (JEP) 4,558 per month. The regulations apply from 1 October 2020 to 30 June 2021.