iCalculator™ TT Trinidad and Tobago Social Security Calculator for 2024
This calculator for Trinidad and Tobago is part of our payroll calculators suite which support salary and income tax calculations in Trinidad and Tobago. With this Social Security Calculator, you can calculate the associated contributions due for Social Security in Trinidad and Tobago based on your annual income in the 2024 tax year, this includes, where appropriate, employee and employer contribitions.
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Social Security in Trinidad and Tobago
Social Security is subject to annual review in Trinidad and Tobago and rates and thresholds can change from year to year. The table below defines the associated tax years and tax rates that are integrated into the Trinidad and Tobago Income Tax calculators on iCalculator™ TT. Note that the rates for Employers and Employee Contributions shown are the sum off all associated social security rates, this is not the same as the actual rate of social security paid as each element may be subject to minimum earnings thresholds and/or maximum earnings thresholds. These elements are factored in within this Social Security Calculator and the exact rates and thresholds can be viewed in the latest Tax Tables for Trinidad and Tobago:
Trinidad and Tobago Current and Historic Social Security Rates for Social Security| Tax Year | Employee Rate | Employer Rate | Combined Rate |
|---|
| 2024 | 41.25% | 66% | 107.25% |
| 2023 | 41.25% | 66% | 107.25% |
| 2022 | 41.25% | 66% | 107.25% |
| 2021 | 41.25% | 66% | 107.25% |
| 2020 | 41.25% | 66% | 107.25% |
| 2019 | 41.25% | 66% | 107.25% |
| 2018 | 41.25% | 66% | 107.25% |
| 2017 | 41.25% | 66% | 107.25% |
| 2016 | 41.25% | 66% | 107.25% |
If you believe any of these rates are incorrect or you would like additional tax years adding to the Trinidad and Tobago tax suite then please contact us. All updates and amendments are complementary, we appreciate the support from our community with providing up to date free tax tools for Trinidad and Tobago. Note that you can view all tax years for Trinidad and Tobago supported by iCalculator™ TT here, this includes all payroll associated taxes and deductions that are applied in Trinidad and Tobago.