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June, 2008
IMPORTANT
NOTICE
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June, 2008
Self
Employed Contribution Rate & Interest
Rate
2008-2009
In June 2008 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 2008-2009 financial year will be 0% due to the negative returns experienced in the market. 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 2008-2009 financial year (these rates are based on a weekly wage of $720.00 and $840.00 per week.)
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