National Insurance at 4.65% employee / 6.65% employer up to the B$810-a-week, B$3,510-a-month wage ceiling, net pay and employer cost in Bahamian dollars.
Built-in rates (as of 2026-11) · source: National Insurance Board of The Bahamas
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For guidance only. These figures follow the official published rates, ceilings and tax tables for Bahamas as checked in November 2026 (sources in the Rules panel). They are not tax advice, rates and ceilings change, declared allowances and company rules can alter a payslip, and any point marked unconfirmed should be checked before relying on it. Check anything that matters with the National Insurance Board of The Bahamas.
Enter a gross wage and the pay period and this calculator shows the one statutory deduction on a Bahamas payslip, the National Insurance (NIB) contribution, together with the employer's larger contribution, the net pay and the total cost of employing the person, in Bahamian dollars. It uses the National Insurance Board's published rates and insurable wage ceiling.
Since 1 July 2024 the employee pays 4.65% and the employer 6.65% of insurable wages (up from 3.9% and 5.9%). Insurable wages are capped at B$810 a week or B$3,510 a month, so once pay reaches the ceiling the contribution stops rising: at most B$163.22 a month from the employee and B$233.42 from the employer. Contributions are due for workers aged 16 to 65.
The Bahamas has no income tax, so NIB is normally the only statutory line; loans, uniforms or advances are company deductions and should be shown separately. The wage ceiling is reviewed every two years (it moves with the retail price index plus 2%), and the next adjustment was due on 1 July 2026; the Board's site did not show a new figure when we checked, so the 2024 ceiling is used and flagged in the Rules panel.
Use the slider to see where the ceiling bites, Compare to put two wages side by side, and the Rules panel for the sources and dates behind every figure.
Background reading: Sick pay explained
The employee pays 4.65% and the employer 6.65% of insurable wages, a combined 11.3%, since 1 July 2024. Self-employed persons pay 10.3% and voluntarily insured persons 6.5% (not modelled here).
B$810 a week or B$3,510 a month from 1 July 2024. Wages above the ceiling carry no contribution, so the maximum employee deduction is B$163.22 a month (4.65% of B$3,510) and the maximum employer contribution B$233.42. The ceiling is adjusted every two years.
No. There is no personal income tax, so National Insurance is the only statutory deduction on a normal payslip.
Employers must pay contributions for every employee aged 16 to 65. Below 16 and above 65 the standard employee/employer contribution does not apply; the calculator assumes an employee within that range.
Yes for the rates and the 1 July 2024 ceiling, which come from the National Insurance Board's rate-increase site and FAQ. The 1 July 2026 ceiling adjustment could not be confirmed online, so figures for pay after that date may use a slightly higher ceiling; check with the NIB.
Free to use and works in your browser: the pay you type stays on your device. The rules are built in from the official published rates and tables (sources and dates in the Rules panel) and nothing you type is sent anywhere. Figures are for guidance only: pay rules are set by each country's law and by your contract, so check anything that matters with the authorities named below or your payroll.
PunchClock turns clock-ins into timesheets and payslips with each country's statutory deductions applied automatically. Ask us about Bahamas payroll.