Employer-paid insurance premium varies depending on the salary. We have prepared details about how much the employer pays and how the calculation is made.
Here are the details about the insurance premiums employers must pay…
HOW MUCH IS THE EMPLOYER-PAID INSURANCE PREMIUM?
For 2024, the employer’s insurance premium is calculated based on the gross wage.
The employer’s SGK premium rates are as follows:
- Employer SGK Share: 15.5% of the gross wage
- Employer Unemployment Insurance Share: 2% of the gross wage
For example, if the gross wage is 20,000 TL:
- Employer SGK Share: 20,000 TL x 15.5% = 3,100 TL
- Employer Unemployment Insurance Share: 20,000 TL x 2% = 400 TL
- Total Employer Premium: 3,500 TL
NOTE: These calculations can change depending on whether the employer benefits from incentives.
HOW MUCH IS THE INSURANCE PREMIUM FOR A WORKER PAID THE MINIMUM WAGE?
For 2024, the insurance premiums for a worker paid the minimum wage are calculated as follows:
- Employee Share: 14% of the gross minimum wage, amounting to 2,800.35 TL
- Employee Unemployment Insurance Share: 1% of the gross minimum wage, amounting to 200.30 TL
- Total Employee Premium: 3,000.65 TL
NOTE: These premiums are calculated on the worker’s gross earnings and are paid to SGK by the employer.
HOW MUCH IS THE SGK PREMIUM FOR “EASY EMPLOYER”?
Under the “easy employer” arrangement, SGK premiums for employees are calculated on the employee’s gross earnings.
For 2024, the rates are as follows:
- Employee Share: 14% of gross earnings
- Employer Share: 15.5% of gross earnings
- Employee Unemployment Insurance Share: 1% of gross earnings
- Employer Unemployment Insurance Share: 2% of gross earnings
For example, with a gross wage of 20,000 TL:
- Employee Share: 2,800 TL
- Employer Share: 3,100 TL
- Employee Unemployment Insurance: 200 TL
- Employer Unemployment Insurance: 400 TL
- Total Premium: 6,500 TL
HOW MUCH IS THE 30-DAY INSURANCE PREMIUM FOR HOME WORKERS?
For 2024, the 30-day insurance premium for a home worker is calculated based on the gross minimum wage. These premiums are paid at a rate equivalent to 37.5% of the worker’s gross earnings.
For example, calculated on the gross minimum wage:
- Undiscounted Monthly Premium: 7,500.94 TL
- Monthly Premium with 5-point Discount: 6,500.81 TL
- Monthly Premium with 6111 Incentive: 3,400.43 TL
We have outlined the details about the employer-paid insurance premium. If you have questions or comments about insurance premiums, you can send them below and our editors will respond within a short time.
SOURCE: SSK.biz.tr