Social Security Contributions (Class 2) 2023
Class 2 Contributions are to be paid by all individuals who derive income of more than €910 from an economic activity and who are not employed.
Self-Occupied Persons: earn income from Trade, Business, Profession, Vocation or any other economic activity that exceeds €910 per annum.
Self-Employed Persons: receive income from rents, investments, capital gains or any other income.
Rates for Class 2 are based on the annual net profit or income for the year preceding the contribution payment year.
|SP||This rate applies only to single persons who are not self-occupied.|
|The SP rate applies only to single persons who are not self occupied|
|SA||From||To||Weekly Rate||Full Time Farmers **|
|* €32.78 or 15% of the annual net earnings if the person is a part-time self-occupied woman, a full-time student who is a part-time self-occupied person, or a pensioner who is a part-time self-occupied person whose annual net earnings do not exceed €11,362.80.|
|If the insured person elects to pay a contribution that is less than €32.78, such contribution may, if the person qualifies for a contributory benefit or a contributory pension, result in the payment of a reduced contributory benefit or contributory pension.|
|Persons born up to 31st December 1961|
|SB||From||To||Weekly Rate||Full Time Farmers/Prisoners|
|SC||From||To||Weekly Rate||Full Time Farmers/Prisoners|
|Persons born from 1st January 1962 onwards:|
|SB||From||To||Weekly Rate||Full Time Farmers|
|SC||From||To||Weekly Rate||Full Time Farmers|
* The increase in the highest contribution rate is related to a guaranteed maximum pensionable income as a result of the pension reform which became law by virtue of ACT XIX of 2006 and LN 336 of 2006.
** The reduced rate is applicable for Full Time Farmers as identified by the Department of Agriculture.