Georgetown: National Insurance Scheme (NIS) contributors as of January, 2013 will enjoy increases in three areas. For persons, earning over $132,000 per month, the insurable earning, which is the upper limit on earnings that attract NIS, was increased by a little over $1,200. The earning ceiling insurable now stands at $143,455 per month. Weekly earners of over $30,000 will see the insurable earnings raised to over $33,000 from $30,653.
Self-employed persons will now see the insurable earnings ceiling move from $41,000 to over $44,000. That is, persons who were making contributions after earning over $41,000 per month will now make contributions after earning about $4000 extra.
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