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Monaco Sets New Social Security Contribution Rates from October 2018

|Approved Changes|Monaco
Monaco

Effective 1 October 2018, Monaco has set the social security contribution rates for employers as follows:

  • Health insurance and family allowances – 15.05%
  • Pension – 8.03%
  • Unemployment – 4.05%

For employees the contribution rates are:

  • Pension – 6.55%
  • Unemployment – 2.40%

Contributions are made based on gross monthly salary, subject to monthly contribution basis caps equal to EUR 8,600 for h…

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