Two ceilings, never mixed
Social insurance and two of the employer funds stop at 5,742 euros a month. GESY stops at 180,000 euros a year. The calculator applies each one at its own period.
What a salary costs, and what it pays.
Enter a gross monthly salary. You see the employee's net pay and, next to it, every contribution the employer adds on top.
500 to 50,000 euros
€500€15,000
Employer pays into the Central Holiday Fund8% on insurable earnings. Most employers are exempt and pay leave directly, so it is off by default.
The employer pays, per year
Gross salary€36,000
Social insurance (8.8%)€3,168
GESY (2.9%)€1,044
Social Cohesion Fund (2%, no ceiling)€720
Redundancy Fund (1.2%)€432
Human Resource Development Fund (0.5%)€180
Total cost per year€41,544
Total cost per month, averaged over 12€3,462
The employee takes home, per salary
€2,492
€29,902 a year over 12 salaries. The employer's cost is itemised on the left.
Gross salary€3,000
Social insurance (8.8%)€264
GESY (2.65%)€80
Income tax€165
Net pay€2,492
Social insurance, the Redundancy and Human Resource Development Funds are charged on each salary up to the monthly ceiling of €5,742, the 13th included. GESY stops at €180,000 a year. The Social Cohesion Fund has no ceiling.
Income tax is worked out on the year and spread evenly over the salaries. It leaves out the 2026 personal deductions and the first employment exemptions.
An illustrative estimate under the 2026 Cyprus rules, not tax advice. Your own position depends on facts this tool does not ask about, and is confirmed on a call.
Three things that catch people out on a Cyprus payroll.
The Social Cohesion Fund has no ceiling
The employer's 2% is charged on the full salary, however high. On a large salary it becomes the biggest single on-cost.
The Holiday Fund usually does not apply
Most employers are exempt from the Central Holiday Fund and pay leave directly. Switch it on only if your company contributes.
A payslip is arithmetic. A payroll is a system.
The numbers here are the rules. Running them every month, with the filings and the deadlines, is what we do for our payroll clients.
No slide deck. No obligation.