Social Insurance Calculator - Cyprus

Social Insurance Calculator Instructions

Using the Calculator:

  1. Input Gross Salary: Enter the gross salary of the employee into the designated field.
  2. Analyze the results: The calculator automatically shows the Social Insurance costs for the employer, Social Insurance deductions for the employee, and the net salary of the employee.

Calculator Functionality:

This Social Insurance calculator computes the Social Insurance costs for the employer, Social Insurance deductions for the employee, and the net salary based on the entered gross salary.
Social Insurance

Social Insurance Contributions for Cyprus companies are as follows:

EMPLOYER
Employers Contribution8.8%
Employers GeSH2.9%
Social Cohesion Fund2%
Redundancy Fund1.2%
Industrial Training0.5%
EMPLOYEE
Employees Contribution8.8%
Employees GeSH2.65%

Note: The maximum amount of insurable earnings for 2024 has been revised upwards from the previous year to €1.209 per week, €5.239 per month, and €62.868 per annum.

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