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Government Mandates Self-Employed Contributions to National Insurance Scheme: Minister of Labour Colin Jordan
The National Insurance and Social Security Scheme will now include mandatory contributions from self-employed individuals, following the removal of obstacles outlined in the National Insurance and Social Security (Amendment) (No 2) Bill, 2023. Minister of Labour, Social Security and the Third Sector, Colin Jordan, cited past difficulties with the scheme's structure as a significant barrier to participation.
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Originally published by www.nationnews.com (opens in new tab)
Self-employed people will be mandated to contribute to the National Insurance and Social Security Scheme as Government has removed certain impediments.
This formed part of the National Insurance and Social Security (Amendment) (No 2) Bill, 2023, which was debated in the House of Assembly yesterday.
Minister of Labour, Social Security and the Third Sector Colin Jordan said one of the “significant impediments to engagement” in the National Insurance Scheme (NIS) for the self-employed was “the difficulty posed by the structure”.
He pointed out that many self-employed people refused to join the Scheme because they did not enjoy certain benefits, or claimed it was unaffordable primarily because they were subjected to very rigid payment rules and arrangements which many could not meet. (GC)
