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Self Employed Contribution Rate and Interest Rate 2012-2013

In June 2012 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 2012-2013 financial year will be 0%. 

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 2012-2013 financial year (these rates are based on a weekly wage of $720.00 and $840.00 per week.)