Occupational pensions
Rates of contribution from 1 January 2009
Class K
This covers people receiving income that is not subject to social insurance contributions but which is liable for the Health Contribution. Income includes occupational pensions, income deriving from positions of certain office holders (such as judges and state solicitors) and income of people aged 66 or over previously liable for Class S.
Record Under Class M
| Weekly pay Band |
How much of Weekly Pay |
All Income
Employee |
All Income
Employer |
|
Up to €500
inclusive
|
All
|
Nil
|
Nil
|
Subclass K1
| Weekly pay Band |
How much of Weekly Pay |
All Income
Employee |
All Income
Employer |
|
More than €500
inclusive
|
First €1,925
|
2.00%
|
Nil
|
|
Balance
|
2.50%
|
Nil
|
Class M
Class M relates to people with a nil contribution liability (such as employees under age 16) or to people within Class K with a nil contribution liability (such as people with income less than €500 a week, people aged 70 or over, medical card holders, widows and widowers, etc.).