Social Insurances new Maximum
Social Insurances have announced the new Insurable Earnings Maximum according to the Social Insurance Laws of 2010 to 2021, as of January 2022 the upper limit for Social Insurance earnings increases to 1.117€ per week and 4.840€ per month. The annual insurable maximum is 58.080€.
With the latest update of PayrollPlus (version 5.5.20) released on December 17th 2021, the newly specifications have been implemented. The software will handle automatically the change for you.