Mandatory pension at 5% + 5% to the CI$87,000 maximum and the optional health-premium deduction, in Cayman dollars, employee and employer side.
Built-in rates (as of 2026-11) · source: Department of Labour & Pensions and the Health Insurance Commission
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For guidance only. These figures follow the official published rates, ceilings and tax tables for Cayman Islands 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 Department of Labour & Pensions and the Health Insurance Commission.
Enter a gross wage and the pay period and this calculator shows what comes off a Cayman Islands payslip and what the employer adds on top: the mandatory pension contribution under the National Pensions Act, and, if you enter it, the employee's share of the health insurance premium. It gives net pay and the total cost of employment in Cayman Islands dollars, using the Department of Labour & Pensions' published rules.
The pension is 10% of earnings, normally 5% deducted from the employee and 5% paid by the employer, on earnings up to the Year's Maximum Pensionable Earnings of CI$87,000 (CI$7,250 a month). Anything above that is voluntary. It applies to employees aged 18 to 65, with Caymanians under 23 in full-time education exempt, and to non-Caymanians once they have completed nine months of employment in the Islands.
Health insurance is an employer obligation: the employer must insure every employee and may recover up to 50% of the standard premium from pay. The standard SHIC premium is approximately CI$167 a month, so the most an employee can be charged for their own cover is about CI$83.50 a month; plans and premiums vary, so the calculator takes the amount shown on your payslip rather than assuming one.
The Cayman Islands have no income tax and no social-security tax, so the pension (and any health premium share) is normally the whole statutory story. The Rules panel lists the sources and the points that depend on the plan.
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No. There is no income tax, no payroll tax and no social-security tax. The mandatory pension contribution and any health premium share are what reduce a payslip from gross to net.
Up to 5% of earnings from the employee, with the employer paying another 5%, on earnings up to the Year's Maximum Pensionable Earnings of CI$87,000 a year (CI$7,250 a month). Above that, contributions are voluntary. Both must be paid to the plan by the 15th of the following month.
Caymanian and permanent-resident employees aged 18 to 65 from their first day (except Caymanians under 23 in full-time education), and non-Caymanian employees aged 18 to 65 once they have completed nine months of employment in the Islands, with any employer. Household domestics who are not Caymanian or permanent residents are not required to have a plan. From age 65 contributions are no longer mandatory.
Up to 50% of the standard premium for your own cover, and nothing for dependants. The standard SHIC premium is approximately CI$167 a month, so the employee share is at most about CI$83.50 a month; the employer pays the rest. Enter the amount on your payslip in the optional box and it is included in the deductions.
The pension rules (5% + 5%, CI$87,000 YMPE, ages 18 to 65, nine-month rule) are from the Department of Labour & Pensions and its National Pensions Act FAQ updated September 2026. The health rule is from the Health Insurance Commission. A roughly 25% SHIC premium increase was proposed for 1 July 2026 and was still under review in June 2026; check your plan's current premium.
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 Cayman Islands payroll.