The States of Guernsey have voted and approved the Class 1 contribution changes which are to apply from 1st January 2023 at the States Meeting on 19th October 2022 (Billet d’Etat XVIII).
From 1st January 2023 the percentage rates for the calculation of Class 1 (Employed) Contributions will be as shown in the following table 5. The 2022 rates and levels are shown in brackets.
The following table 2 shows the breakdown of allocation relating to the contribution
The increase in contributions is part of an approved 10 year programme through to 2031: