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      One of the major initiatives of the Social Security Board's Transformational Strategic Plan for the triennium 2019 - 2021 is the introduction of an e-services software platform for the administration of its Social Insurance Programme.

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Self Employed Contributions

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Social Security Self-Employed Contributions

A Self-Employed person is liable to pay a contribution for each contribution week or part of a week that he/she is employed as a self-employed person.

No contribution is payable when the self-employed person reached the age of sixty five (65).

If you work both as a self-employed and employed person in the same contribution week, you will not have to contributed as a self-employed person and therefore will be liable for payment of contributions as an employed person only.

How much can I elect as my weekly income?

At the time of registration, the self employed person must select a category of income on which contributions will be paid. The following table is an example of a list of Categories of Income.

CategoryWeekly Income EC$ Weekly Contritbution EC$
A1250.00 100.00
B1000.00 80.00
C800.00 64.00
D600.00 48.00
E400.00 32.00
F200.00 16.00
 

The category that is selected by the self-employed will be valid for one year. At the end of the year the self-employed person will have the opportunity to select a category immediately above or below the initial one selected. In all cases the category will be valid for the period chosen. Please enquire about current categories of income.

If no selection is made by the required time each year, the self-employed person will be expected to pay contributions based on the category selected in the previous year.

There are certain stipulations that apply to self-employed persons over the age of fifty five (55);

  1. A self-employed person who is over the age of fifty five (55) years on the appointed day shall not elect a weekly income which exceeds eight hundred dollars ($800.00)
  2. When an insured person who has paid contributions as a self-employed person reaches the age of fifty four (54), he/she will be liable to pay contributions on the same weekly income that was elected in the year of his or her 54th birthday for any subsequent years up to retirement.
  3. If an insured person aged 54 or older has never paid contribution as a self-employed person he/she may elect a weekly income not exceeding $800.00. Having made the election, contributions will be paid on the same weekly income for any subsequent years up to retirement.

Rate of Contribution

The amount of contribution payable by the self-employed person for each contributory week in respect of his employment shall be 8% of the weekly income elected by him/her in accordance with the categories of income set out in the table in the drop down above.

When and How should Contributions be Paid?

Unlike the majority of insured persons who work for someone else and will have their earnings reported by their employer, self-employed persons must report their own earnings and pay contributions themselves.

Every self-employed person shall, within fourteen (14) days after the end of each calendar month, pay all contributions payable by him/her for that month.

If, during the course of the calendar month the employment of a selfemployed person ceases or is interrupted because of sickness, change of employment status, or other circumstances which might affect his/her liability to pay contributions for the whole month, he/she shall nevertheless, be liable to pay contributions in respect of that part of the month during which he/she was self-employed, that is, up to the day immediately proceeding the date of cessation: provided that a self-employed person shall not be liable to pay contributions as a self-employed person in respect of any period which he/she is either in receipt of benefit, (with the exception of survivors) or is liable to pay contribution as an employed person.

With each payment of contribution, the self-employed person must complete and submit a Contribution Certificate – Form SE -2. Correct names and social security numbers are the keys to successful processing of contributions.

Contribution during Multiple Employment

A person who, during one part of the calendar year, is mainly employed as an employed person and for another part of that year is mainly employed as a self-employed person shall be liable to pay contributions respectively as an employed person and as a self-employed person for the relevant period. However if you are working as a self-employed and employed person at the same time, you are only required to pay as an employed person.

Contribution Surcharge

An additional charge of 3% will be added to the amount of late contributions for the first month or part of a month. For every additional month or part of a month that the late contribution remains unpaid, it shall increase by 1%.

Notification of Termination of Self-Employment

Every self-employed person who terminates his employment as a selfemployed must communicate such termination to the Board’s Office not later than the end of the calendar month following that, which includes the date of termination of employment. To terminate your employment, please complete and submit Form SE 3 – “Termination as a Self-Employed.” This form is available at the Social Security Office.

Penalty

A self-employed person’s failure to pay contributions or to comply with any obligation imposed on him/her by the Regulations constitutes an offense and shall be liable on summary conviction to a fine of eight hundred dollars ($800.00) or imprisonment for a term of six (6) months or to both such fine and imprisonment.

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  • P.O Box 243, The Valley, AI-2640, Anguilla BWI
  • info@ssbai.com
  • 264 497 2201/2 | DIGI 264 462 2201
  • USA 718 734 4562
  • 264 497 5649

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