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Self Employed Contribution Rate & Interest Rate 2011-2012

01 June, 2011

In June 2011 the Board set both the interest rate and contribution rate that will be applied to the self employed worker for the next financial year as follows:

The interest rate for the 2011-2012 financial year will be 6%. 

The contribution rate (the rate at which a self employed person can contribute into the scheme) remains at $156.00 or $182.00 per quarter for the 2011-2012 financial year (these rates are based on a weekly wage of $720.00 and $840.00 per week.)