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YOUR SOCIAL SECURITY...

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FeaturesSocial Security Updates... pg. 2Self-Employed 101... pg. 3

Its finally here! The Antigua & Barbuda Social Security Board is pleased to announce that as ofthis month's remittance cycle, contribution payments can be made via DCash as of 12th August2021.

Remember, you can also make contribution payments using any of our banking partners like,ECAB Morebanking, ACB online, Community First Credit Union and Electronic Funds Transfer. For more details give us a call at 736-3039

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SOCIAL SECURITY UPDATES

Did you Know?...The ABSSB is the first statutory organisation in the

OECS to become a DCash merchant.

On January 1, 1981 self-employed persons were able to make voluntary contributions to Social

Security. However, in 2013 the Government of the day thought it prudent to bring self-employed

payments under the same umbrella as those of employees and employers making these payments

mandatory.

Self-employed persons should remember that registering with Social Security can assist you during

periods when you are unable to work due to loss of income. The rate of contribution for self-

employed persons is 10% of declared income up to a maximum of $6,500.

In the present economic environment where persons lost their jobs due to the pandemic, new forms

of employment emerged creating an increase in self-employed individuals.

Self-employed persons are independent contractors who render services on their own account. In

other words, they are individuals who work for themselves. Categories of self-employment include,

but are not limited to: doctors, lawyers, accountants, consultants, contractors, farmers, taxi drivers,

vendors, fishermen, barbers, hairdressers, web designers, graphic designers, mechanics and

landscapers.

All benefits offered by Social Security are payable to self-employed persons.

ImportantAn applicationfor a Survivor'sBenefit must be

made withinone year of the

insured personsdeath.

SELF-EMPLOYED 101

Published by:Antigua & Barbuda Social Security BoardP.O Box 1125Long StreetSt. John's Antigua

IMPORTANT NOTICES

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Remittance payments for July 2021 are due by 16th June 2021.

Rates are 13% for public sector employees and;

14% for private sector employees;

Self-employed rate remains at 10%.