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Data from official sources · Made in Argentina

Cyprus Social Insurance calculator

Enter your gross monthly salary to see what comes off your pay and what your employer pays into each fund.

The rates are those in the Social Insurance Services' Employer's Guide.

How it's calculated

  1. Social Insurance: the employee pays 8.8% and the employer 8.8%, up to €5,742 a month.
  2. GeSY: 2.65% from the employee and 2.9% from the employer.
  3. Only the employer pays 1.2% to the Redundancy Fund, 0.5% to the Human Resource Development Fund and 2% to the Social Cohesion Fund, which has no ceiling.
  4. An employer paying into the Central Holiday Fund adds 8% for 20 days of leave. That amount counts as pay for all other contributions.

An example

In the Employer's Guide example, a €1,000 salary with Holiday Fund payments gives €1,080 of earnings for contributions. All contributions together, employee and employer, come to €369.98.

Frequently asked questions

How much comes off my salary?

8.8% for Social Insurance and 2.65% for GeSY. On €1,500 that's €171.75 a month. Income tax is withheld separately.

Will the rates change?

Yes. Under the Employer's Guide, the employee and employer rates each rise to 9.3% from 2029.

What is the Central Holiday Fund?

It pays annual leave when the employer doesn't pay it directly. Employers with their own better leave scheme can apply for an exemption.

Key terms

Insurable earnings
The pay on which contributions are charged, up to the ceiling.

The same calculation in other countries

Up-to-date official data

Data checked against the official source on .

We check the official sources automatically, every day.

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