Guernsey has published the Social Insurance (Rates of Contributions and Benefits etc.) Ordinance 2024, which increases the contribution rates and limits for 2025. The 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 upper earnings limits are a…