Reminder On NIS Rates & Contributions

Reminder On NIS Rates & Contributions

(Stock Photo) The National Insurance Office wishes to remind employers of the NIS rates in effect from January 1, 2021. In addition, the maximum insurable earnings ceilings are $1,126 for weekly paid workers and $4,880 for monthly paid workers. NIS contributions are...
Self-Employed Business Interruption Benefit

Self-Employed Business Interruption Benefit

(Stock Photo) The Prime Minister of Barbados announced the launch of a one-time benefit for the self-employed whose business activity was interrupted due to the COVID-19 pandemic. The payment of this benefit will be facilitated by the National Insurance Office....
Social Security System Needs Full Support

Social Security System Needs Full Support

Minister of Labour, Social Security and Human Resource Development, Senator Dr. Esther Byer Suckoo, said Government is examining options to encourage contributions from non-salaried earners. Addressing officials attending the opening ceremony for the 28th meeting of...

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