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Class 2 contributions

Also writtenclass 2social security contributions

Jersey Social Security paid by the self-employed — including a company’s owners and directors.

What it is

Both the employee’s share (6%) and the employer’s (6.5%) come from your income, billed monthly. Apply for the payment option you want, or you are billed at the maximum rate.

What it is not

Not taken from wages like an employee’s: as an owner you pay both the employee’s and the employer’s share, from your own income.