Guide
Cyprus social insurance contributions 2026: rates and the earnings cap
Updated
Social insurance is the largest deduction from a Cyprus payslip below the higher tax bands, and unlike income tax it stops at a published earnings ceiling.
The rates
Contributions to the Social Insurance Fund total 22.8% of insurable earnings, split between the employer, the employee and the state at 8.8%, 8.8% and 5.2% (Business in Cyprus, Republic of Cyprus). Only the employee's 8.8% appears as a payslip deduction.
The employer also pays into three further funds on the employee's behalf: 1.2% to the Redundancy Fund, 0.5% to the Human Resources Development Fund and 2% to the Social Cohesion Fund (Social Insurance Services, Contributions). None of the three is deducted from the employee.
The earnings ceiling for 2026
Earnings counted for the Social Insurance, Annual Holidays, Redundancy and Human Resources Development Funds are capped at the maximum insurable earnings figure the Social Insurance Services publish each year. The Social Cohesion Fund is calculated on total earnings with no maximum.
| Contribution year | Weekly | Monthly | Yearly, monthly-paid |
|---|---|---|---|
| 2024 | €1,209 | €5,239 | €62,868 |
| 2025 | €1,281 | €5,551 | €66,612 |
| 2026 | €1,325 | €5,742 | €68,904 |
The 2026 amounts apply until the end of 2026 (Social Insurance Services, Basic Insurable Earnings 1981-2026). Employees paid weekly have a slightly different annual figure, €68,900 for 2026, because the year contains 52 weekly payments rather than 12 monthly ones.
What the cap means in practice
At 8.8% of €68,904, employee social insurance tops out at about €6,064 a year in 2026. Everything earned above the ceiling attracts income tax, GHS and the 2% social cohesion contribution from the employer, but no further social insurance from either side.
Self-employed contributions run on a different basis and rate, and are not covered by this calculator.