What are Required Basic Contributions?

Required Basic Contributions (RBCs) are contributions which you are mandated to pay into a local (Cayman Islands) pension plan by law. 

You and your employer must contribute an amount that, when combined, equals 10% of your earnings (up to the annual maximum of CI$87,000). Your employer’s share must equal at least 5% of your earnings. If your employer contributes more than 5%, your share of the total 10% contribution can be reduced accordingly.

Was this article helpful?
0 out of 0 found this helpful



Please sign in to leave a comment.