B$830 NIB ceiling · Effective July 1 2026 flagB$830 NIB ceiling · Effective July 1 2026

Bahamas NIB calculator.

See what comes out of your pay and what your employer contributes.

Bahamas Payroll Calculator Pay estimate · BSD
01 · Your pay

Start with your gross pay.

Gross pay for one pay period, before deductions.

Enter the pay received each selected period.

Example estimate · Change the pay details to make it yours.

Pay after NIBEnter your pay

After NIB only. Other deductions are excluded.

Gross payPending
NIB contributionPending
Show contribution breakdown
Employee NIBPending

How is this calculated?

How this estimate works Calculation, coverage & sources

Your calculation

Enter pay to see the contribution calculation.

Enter pay to see the tax calculation.

The weekly ceiling is allocated across the selected pay frequency using 52 weeks per year. This is an average-period estimate; actual monthly NIB remittances depend on the contribution weeks.

NIB contribution guidance

Check your circumstances

Standard employed-person NIB rates. Pensioners, self-employed people and other contribution classes need a separate calculation.

Only NIB is deducted. Other payroll deductions and benefits are excluded.

The Bahamas NIB calculator computes employee and employer National Insurance contributions from any gross pay.

Read the full answer

Applies the current 4.65% employee rate, 6.65% employer rate, and the B$830-per-week insurable earnings ceiling (in effect since July 1, 2026, up from B$810). Enter gross pay and pay frequency to see contributions in seconds. Workzoom tracks the current NIB rates and publishes this calculator as a free resource.

Current statutory rates · tracked from the official sources

Bahamas NIB calculator: the statutory rates for 2026.

Rates effective July 1, 2024. Insurable ceiling rose 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$830
Weekly ceiling
Maximum insurable earnings per week since July 1, 2026 (was B$810). NIB is not contributed on pay above the ceiling.
25+ years running payroll

The rates above aren't a one-off. They run every cycle.

Workzoom has run payroll since 2000. The current statutory rates in this calculator are the rates Workzoom applies automatically on every pay run.

See Workzoom Payroll
The full breakdown How Bahamas NIB actually works: the math, filing deadlines, and setup steps. A plain-English guide for Bahamas employers, published by Workzoom as a free resource.

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$830 per week since July 1, 2026 (B$810 through June 30, 2026). The rates took effect July 1, 2024 and the ceiling rose 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).
Contributions for a month are payable to NIB by the 15th of the following month. Workzoom prepares the C10 contribution statement from payroll data; the employer reviews and submits it and pays NIB. If payment is overdue, confirm the assessed balance and applicable interest directly with NIB.
Workzoom prepares the C10 contribution statement from payroll data. Your team checks employee details, insurable earnings and contributions against the payroll register, submits the statement to NIB and pays the contributions. Keep the statement and payment confirmation with your payroll records.
Workzoom reports every employer's NIB contributions to the National Insurance Board through standard payroll processing. 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.
More for Bahamas

Keep building your Bahamas payroll.

Bahamas overview

Every compliance requirement Workzoom handles for Bahamian businesses, from NIB to multi-island payroll.

Read more

Bahamas Payroll

Full payroll feature set for the Bahamas: NIB, C10, garnishments, lending accounts, multi-island pay groups.

Read more

Bahamas HR

Personnel, onboarding, work permits, and Bahamian employment law compliance in one system.

Read more

Cable Bahamas case study

How the Bahamas's largest employer runs payroll on Workzoom, including NIB and multi-subsidiary reporting.

Read more

Run Bahamas payroll properly.

NIB is one line in a payroll that handles C10 statements, multi-island pay groups, and every other Bahamian requirement automatically.

Book a Walkthrough Bahamas overview
  • Since 2000. 25+ years of payroll.
  • AWS Canada hosted. Customer data hosted on AWS Canada.
  • SOC 2-aligned controls. Encrypted at rest, role-based access, audit logs.

The Workzoom newsletter

People Practices
That Work.

Practical ideas for HR, payroll and managing your people, delivered to your inbox.