01Live rates · Bahamas NIB calculator

The Bahamas NIB calculator. Live rates, instant math.

The Bahamas NIB calculator computes employee and employer National Insurance contributions from any gross pay. Applies the current 4.65% employee rate, 6.65% employer rate, and the B$810-per-week insurable earnings ceiling (rising to B$830 per week effective July 1, 2026). Enter gross pay and pay frequency to see contributions in seconds. Maintained by the Workzoom payroll team against current NIB rates.

B$810 NIB ceiling · Rises to B$830 July 1 2026 flagB$810 NIB ceiling · Rises to B$830 July 1 2026

The Bahamas NIB calculator. Live rates, instant math.

Payroll Calculator
Inputs

Enter gross pay

Enter the employee's gross pay for one pay period.

Other frequencies are converted automatically.

Contributions

Per pay period

Employee NIB
4.65% of insurable pay B$ 0.00
Employer NIB
6.65% of insurable pay B$ 0.00
Total NIB
Per pay period B$ 0.00
Net pay after employee NIB B$ 0.00

AThe short answer

The Bahamas NIB calculator computes employee and employer National Insurance contributions from any gross pay. Applies the current 4.65% employee rate, 6.65% employer rate, and the B$810-per-week insurable earnings ceiling (rising to B$830 per week effective July 1, 2026). Enter gross pay and pay frequency to see contributions in seconds. Maintained by the Workzoom payroll team against current NIB rates.

Live rates · Maintained by the Workzoom payroll team

Bahamas NIB calculator: Bahamas statutory rates for 2026.

Rates effective July 1, 2024. Insurable ceiling rises from B$810 per week to B$830 per week effective July 1, 2026. Published by the National Insurance Board.

4.65%
Employee rate
Deducted from gross pay each pay period on earnings up to the insurable ceiling.
6.65%
Employer rate
Contributed by the employer, in addition to the employee deduction, on the same insurable base.
B$810
Weekly ceiling
Maximum insurable earnings per week through June 30, 2026. Rises to B$830 per week from July 1, 2026. NIB is not contributed on pay above the ceiling.

Filing calendar · Marked against the actual deadlines

When NIB is due.

C10
Monthly remittance
Due by the 15th of the following month

Every month, employers file the C10 with the National Insurance Board listing each insured employee, their insurable earnings, and the employer plus employee contributions remitted. Workzoom generates the C10 automatically from payroll with no manual data entry.

C13
Annual reconciliation
Due at year-end

The C13 reconciles the full year of NIB contributions per employee. It is generated from the same payroll engine that produced the monthly C10s, so there is no divergence between monthly remittances and year-end totals.

Workzoom Payroll · Bahamas

Stop calculating NIB by hand.

Workzoom runs NIB automatically inside every Bahamas payroll, applying current rates, the insurable ceiling (B$810 through June 30, 2026; B$830 from July 1, 2026), and the split between employer and employee on every pay group and every pay frequency. The C10 and C13 come out of the same engine, so filings match the payroll register by construction.

  • Current NIB rates and ceiling applied automatically every pay run; B$830 ceiling applies on the first pay run on or after July 1, 2026
  • Employer and employee portions itemized per insured person
  • C10 monthly remittance generated directly from payroll
  • C13 annual reconciliation produced at year-end from the same data
  • Multi-island pay groups managed from one database, no CSV transfers
See Bahamas Payroll Book a Walkthrough
Bahamas payroll automation in Workzoom, bahamas nib calculator in Workzoom

What employers actually ask about Bahamas NIB.

The most common questions Bahamas employers ask about NIB, filing, and payroll integration.

The current NIB contribution rate in the Bahamas is 4.65% for the employee and 6.65% for the employer, applied to insurable earnings up to B$810 per week through June 30, 2026, and up to B$830 per week from July 1, 2026 forward. The rates took effect July 1, 2024 and the ceiling rises on July 1, 2026. Workzoom applies these rates automatically on every pay run.
With Workzoom, maximum insurable earnings are B$810 per week (B$42,120 per year) through June 30, 2026, and B$830 per week (B$43,160 per year) from July 1, 2026 forward. NIB contributions are not deducted or remitted on pay above this ceiling. When paid monthly, the ceiling is pro-rated (approximately B$3,510 per month through June 30, 2026; approximately B$3,597 per month from July 1, 2026).
The C10 monthly remittance form is due by the 15th of the month following the pay period. A January C10 is due by February 15th. Late C10s trigger a statutory surcharge and interest on the outstanding balance. Workzoom generates the C10 automatically from payroll data.
The C10 is a monthly remittance form listing NIB contributions for each insured employee for one pay period. The C13 is an annual reconciliation that aggregates twelve months of C10 data per employee for year-end filing. Both come from the same payroll engine in Workzoom.
Workzoom registers every employer operating in the Bahamas with the National Insurance Board through standard payroll setup. Every employer must contribute NIB for each employee earning above the minimum insurable threshold. Self-employed individuals contribute at a combined rate covering both employer and employee portions.
Yes. Workzoom runs NIB across Nassau, Freeport, Grand Bahama, and the Family Islands from a single database. Island Luck, for example, runs eight payrolls per week across 60+ locations on Workzoom, with NIB calculated per employee and consolidated into one C10 remittance per reporting period.

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Run Bahamas payroll properly.

NIB is one line in a payroll that handles C10s, C13s, multi-island pay groups, and every other Bahamian requirement automatically.

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