The rates in the table below are applicable to SEPs for annual net trade income from 2015.
Contribution rates applicable to SEPs from 2015
Annual net trade income (from 2015) | Age as at 1 January of work year | |||
Below 35 years | 35 to below 45 years | 45 to below 50 years | 50 years and above | |
Above $6,000 to $12,000 | 4% | 4.5% | 5% | 5.25% |
Above $12,000 to $18,000 | Phased in*from 4% to 8% | Phased in*from 4.5% to 9% | Phased in*from 5% to 10% | Phased in* from 5.25% to 10.5% |
Above $18,000 | 8% (Maximum $4,800) | 9% (Maximum $5,400) | 10% (Maximum $6,000) | 10.5% (Maximum $6,300) |
No comments:
Post a Comment