Social Insurance Contribution Rate Revised
The Department of Social Insurance advised that the standard contribution rate has been updated to $75.30.
A Government spokesperson said, “The Department of Social Insurance reminds employers and the public that, further to the House approval and Official Gazette notice dated July 28th, the standard social insurance contribution rate has been revised to $75.30, effective Monday, August 4th, 2025.
“We encourage all individuals and employers to review the full details of the updated rates and related guidance by visiting socialinsurance.gov.bm.
“Thank you for your attention and continued cooperation.”
| Category of person | Payable by Employee | Payable by Employer | Total |
|---|---|---|---|
| Employed person over school-leaving age and under the age of 65 | $37.65 | $37.65 | $75.30 |
| Employed persons over the age of 65 | n/a | $37.65 | $37.65 |
| Self-employed persons over the school-leaving age and under the age of 65 | $37.65 | $37.65 | $75.30 |
| Self-employed persons over the age of 65 | n/a | $37.65 | $37.65 |
| Voluntary contributions under the age of 65 | n/a | n/a | $75.30 |
