Jersey social security rise in January for high earners
Companies employing high earners will pay more in social security contributions for their staff from 1 January.
The States of Jersey agreed to increase the employers' contribution for people earning over £45,336 per year in April 2011.
This is a new 2% rate on employees earning between £45,336 and the upper limit of £150,000 per year.
This also applies to self-employed people.
Other changes to social security rules from 1 January mean that anyone newly self-employed will only pay a third of the standard rate until tax assessments are available for the first year of trading.
The social security department said: "This change removes what has often been described as a disincentive for entrepreneurs considering their first step into self-employment."