Change in Social Insurance for 2024

30 November 2023

We would like to inform you that, starting from January 2024 the maximum amount of insurable earnings that social insurance contributions are paid on will increase.

Specifically, starting from January 1st 2024, the insurable earnings maximum limit will increase to €1,209 from €1.155 on a weekly basis that used to apply for 2023, while for monthly earnings the limit is set at €5.239 from €5.005

An increase is also applicable on an annual basis, with the threshold increasing to €62.868 for 2024 compared to €60.060 for 2023.

Finally, the Social Insurance contribution rate will increase from 8.3% to 8.8%.