Payment of Contributions and Levies
The rate for voluntary contributors in 2004 is 8.3% made up as follows:
| Funds and Levies | ||||
| 2003 | 2004 | 2005 | 2006 | |
| % | % | % | % | |
| National Insurance | 5.30 | 6.30 | 7.30 | 8.30 |
| Non-contributory | 2.00 | 2.00 | 2.00 | 2.00 |
| TOTAL | 7.30 | 8.30 | 9.30 | 10.30 |
As a consequence of Pension Reform, the National Insurance and Social Security (Collection of Contributions) Regulations were amended in December 2002 to provide for an increase in contribution rates payable in respect of private sector employees for the years 2003 to 2006.
The rate of contribution payable for 2004 is 19.25% made up as follows:
| Funds and Levies | Employee | Employer | Total |
| % | % | % | |
| National Insurance | 5.75 | 5.75 | 11.50 |
| Non-contributory | 2.00 | 2.00 | 4.00 |
| Unemployment | 0.75 | 0.75 | 1.50 |
| Employment Injury | 0.00 | 0.75 | 0.75 |
| Severance | 0.00 | 0.50 | 0.50 |
| Training Levy | 0.50 | 0.50 | 1.00 |
| TOTAL | 9.00 | 10.25 | 19.25 |
The rate payable in respect of apprentices for 2004 is 18.75% made up as follows:
| Funds and Levies | Employee | Employer | Total |
| % | % | % | |
| National Insurance | 5.75 | 5.75 | 11.50 |
| Non-contributory | 2.00 | 2.00 | 4.00 |
| Unemployment | 0.75 | 0.75 | 1.50 |
| Employment Injury | 0.00 | 0.75 | 0.75 |
| Training Levy | 0.50 | 0.50 | 1.00 |
| TOTAL | 9.00 | 9.75 | 18.75 |