Barbados Social Insurance Calculator 2026
NIS 2.625% employee + 3.875% employer, capped at BBD 74,640/year.
Barbados NIS System
The National Insurance Scheme (NIS) provides social security coverage. Employees contribute 2.625% of insurable earnings, employers contribute 3.875%. Contributions are capped at BBD 74,640 annual insurable earnings. Self-employed individuals pay the combined rate of 6.5%.
2026 Rates: EE 2.625%, ER 3.875%, cap BBD 74,640/year.
Barbados Social Insurance Calculator 2026
NIS 2.625% employee + 3.875% employer, capped at BBD 74,640/year.
NIS capped at BBD $74,640 annual insurable earnings
Annual Salary$60,000
Employee NIS (2.625%)$1,5752.63%
Employer NIS (3.875%)$2,3253.88%
Total NIS (6.5%)$3,900
Monthly Employee NIS$131