Important change to the Social Security Act - Contributions Regulations, 2023.
IMPORTANT ANNOUNCEMENT
Effective Date: January 1st, 2025
Contribution Rate Increase Phase 2
Dear Valued Contributors,
The SSB wants to remind you about the important change to the Social Security Act - Contributions (Amendment) Regulations, 2023.
Starting from January 1 st , 2025, Phase 2 of the gradual increase in the contribution rates for both employees and employers will take effect as follows:
- January 1st, 2025: Employee - 5.50%, Employer - 5.50%
- January 1st, 2026: Employee - 5.75%, Employer - 5.75%
This adjustment is necessary to ensure the long-term sustainability of our Social Security System, which will benefit all our contributors. Please note that these changes are temporary and effective until December 31st, 2026.
Starting from January 1 st, 2027, employees and employers will contribute 6% each, sharing the responsibility equally and contributing to a rate of 12%.
We assure you that we are here to support you during this transition. If you have any questions or need assistance, please don't hesitate to contact us.
Thank you for your understanding and continued support as we build a stronger future for the SSB and Anguilla.
For more information, please call us at 264-497-2201/2 or 3201/2 or email us at info@ssbai.com. You may also visit our website at www.ssbai.com and Facebook page at www.facebook.com/ssbai1980.