You can actually pay as much as you wish, it’s just that when you get to a pensionable age you might get less pension.
Assuming you’re young and this is temporary/part-time work, either pay just a bit (like 15% of income), or if you can don’t register and declare nothing.. not worth the hassle for €1000 Euros.
If it is your first year being self employed, you need to pay a flat rate of €31.03 weekly. If it is your second year self employed and further on from that, you need to pay 15% calculated on your last year’s income. IIRC
If you earn more than Eur910 per annum then yes, the regulations require you to pay the minimum NI which is what you calculated, unless the person is a part-time self-occupied woman or a full-time student who has not reached the age of 24 who is a part-time self-occupied person or a pensioner who is a part-time self-occupied person whose annual whose annual net earnings do not exceed €10,757, in which case the 15% of the annual net earnings apply. If one is eligible and opts for said 15%, the person could end up with a reduced contributory benefit or contributory pension. PM me if you need help.
Why the hell would you choose self wmployment to earn 1k a year?
By the way there is a helpline for all this, 153. It’s free to call
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Yes with some exceptions for women, students and pensioners [https://cfr.gov.mt/en/rates/Pages/SSC2/SSC2-2021.aspx](https://cfr.gov.mt/en/rates/Pages/SSC2/SSC2-2021.aspx)
You can actually pay as much as you wish, it’s just that when you get to a pensionable age you might get less pension.
Assuming you’re young and this is temporary/part-time work, either pay just a bit (like 15% of income), or if you can don’t register and declare nothing.. not worth the hassle for €1000 Euros.
If it is your first year being self employed, you need to pay a flat rate of €31.03 weekly. If it is your second year self employed and further on from that, you need to pay 15% calculated on your last year’s income. IIRC
If you earn more than Eur910 per annum then yes, the regulations require you to pay the minimum NI which is what you calculated, unless the person is a part-time self-occupied woman or a full-time student who has not reached the age of 24 who is a part-time self-occupied person or a pensioner who is a part-time self-occupied person whose annual whose annual net earnings do not exceed €10,757, in which case the 15% of the annual net earnings apply. If one is eligible and opts for said 15%, the person could end up with a reduced contributory benefit or contributory pension. PM me if you need help.
Why the hell would you choose self wmployment to earn 1k a year?
By the way there is a helpline for all this, 153. It’s free to call