TREATMENT OF BONUS PAID IN DECEMBER

TREATMENT OF BONUS PAID IN DECEMBER

BASSETERRE, ST. KITTS, 20th December 2024 — The St Christopher and Nevis Social Security Board wishes to advise Employers and Employees that bonuses or extra payment of salary paid in the month of December 2024 are to be made without any deductions of Social Services Levy.

By law, the Social Security Act, No 13 of 1977, prescribes that bonuses paid in the month of December are exempt from Social Security contributions.

Therefore, this Press Release informs that bonuses paid in December 2024 should be exempt from both Social Services Levy and Social Security deductions.

Kindly note that the extra payment must be paid in December to qualify for the exemptions noted above.

Please be guided.

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For more information, please contact:
Corporate Communications Department
St. Christopher & Nevis Social Security Board
Phone: 869 465 2535
Email: pubinfo@socialsecurity.kn