Applicable audience: All persons or entities who employ one or more persons must register for social security with the Belize Social Security Board. The application must be made within seven (7) days of employing an employee.
Procedure on Social Security Registration:
Weekly Contributions Payable by Employed Persons and Employers
|
BZD$ |
|
|
Amount of Weekly Contributions |
Rate of Contribution |
||||
|
|
Actual Weekly Earnings |
Weekly Insurable Earnings |
Employer |
Employed Person |
Total Contribution |
Employer |
Employee |
|
|
1 |
Under 70.00 |
55.00 |
3.57 |
0.83 |
4.40 |
6.50% |
1.50% |
|
|
2 |
70.00 to 109.99 |
90.00 |
5.85 |
1.35 |
7.20 |
6.50% |
1.50% |
|
|
3 |
110.00 to 139.99 |
130.00 |
8.45 |
1.95 |
10.40 |
6.50% |
1.50% |
|
|
4 |
140.00 to 179.99 |
160.00 |
9.65 |
3.15 |
12.80 |
6.03% |
1.97% |
|
|
5 |
180.00 to 219.99 |
200.00 |
11.25 |
4.75 |
16.00 |
5.63% |
2.38% |
|
|
6 |
220.00 to 259.99 |
240.00 |
12.85 |
6.35 |
19.20 |
5.35% |
2.65% |
|
|
7 |
260.00 to 299.99 |
280.00 |
14.45 |
7.95 |
22.40 |
5.16% |
2.84% |
|
|
8 |
300.00 and over |
320.00 |
16.05 |
9.55 |
25.60 |
5.02% |
2.98% |
|
|
9 |
*** |
2.60 |
0.00 |
2.60 |
||||
** Applied to employed persons (60 – 64 years) who have received a retirement benefit and all employed persons 65 years and older.
Social Security Board of Belize
Featured Downloads:
Social Security – A Guide for the Self-Employed
Social Security – Benefits in Brief
