Adjusted Class 1 Social Security Rates

The Office of the Commissioner for Revenue has announced an adjustment to the contributions rates for the basis year 2020, specifically, to the basic salary threshold of category ‘D’ for those persons born up to 31 December 1961.

The revised rates applicable as of 1 January 2020 for category ‘D’ may be viewed here.

The announcement states that payers who have already submitted the FS5 for January 2020 may adjust and increase the payment in February’s FS5 without incurring any penalties.

Source: Office of the Commissioner for Revenue: