This year social insurance contributions went up by between 0,5 and 1 percentage point. At the same time, the maximum insurable amount applicable for social insurance contribution purposes has been increased to €62.868 per annum.

The Social Insurance Contributions for 2024 are summarized below:

Note 1: Social cohesion fund is calculated on total emoluments and has no maximum level.

Note 2: As from 1 January 2024, the maximum amount applicable for social insurance contribution purposes has increased to €62.868 p.a. from €60.060 p.a., to €5.239 per month for monthly paid employees from €5.005 and to €1.209 per week for weekly paid employees from €1.155.