NIS Ceiling and Benefits Increase this Month
Effective January 7, the National Insurance wage ceiling will increase by $500,000 to $1.5 million. The wage ceiling is the basis on which individual contribution to the National Insurance Scheme (NIS) is calculated. Labour and Social Security Minister, Hon. Derrick Kellier, first made the announcement during his 2012/13 Sectoral Debate presentation in Parliament on July 25 and issued another reminder...
