Is there income tax in Bermuda?

No. Bermuda has no personal income tax, no capital gains tax and no tax return for employees. Employers pay a payroll tax and may deduct the employee share from salary.

What is the employee share of payroll tax in 2026?

For April 2026 to March 2027: 0.25% on the first $48,000; 7.75% from $48,001 to $96,000; 10.75% to $200,000; 11.5% to $500,000; 12.5% to $1,000,000. Nothing above $1,000,000.

How much is social insurance?

A flat weekly amount split equally between employee and employer — $37.65 each from August 2025, rising 4.25% from August 2026 under the 2026 Order, about $39.25 each.

How much health insurance can my employer deduct?

Up to one half of the standard premium under the Health Insurance Act 1970. The Standard Premium Rate is $439.55 a month from 1 April 2026, so at most $219.78 a month for the standard benefit.

Do work-permit holders pay into a pension?

Since 2020 employers must enrol eligible employees regardless of immigration status, with exceptions for short work permits. The rate is 5% from you and 5% from your employer. Ask your employer what applies to your permit.

What does $100,000 take home in Bermuda?

With every deduction: about $3,970 payroll tax, $2,041 social insurance, $2,637 health and $5,000 pension — roughly $86,350 a year, or $7,195 a month.

Bermuda Take-Home Pay Calculator 2026

Bermuda has no income tax. Four things come off a payslip, and this works all four from the rules that set them — not a tax site's flat guess.

An estimate from the published rates. Your employer's plan, your age, your immigration status and your contract can change every line; none of this is tax, legal or financial advice. Rates: Payroll Tax 2026/27 · SHB premium from 1 Apr 2026 · social insurance from Aug 2026. Checked 2026-09-07.

Three things the salary sites get wrong about Bermuda

There is no income tax, and no flat payroll tax either. Several calculators still apply a flat 6%. Since 2019 the employee share is progressive: 0.25% on the first $48,000, then 7.75%, 10.75%, 11.5% and 12.5% by band, capped at $1,000,000.
Social insurance is a fixed weekly amount, not a percentage. It is the same dollar figure for a cleaner and a CEO, matched by the employer. On a low salary it is the biggest deduction; on a high one it barely shows.
Health insurance and pension are deductions too. Your employer must insure you for at least the Standard Health Benefit and may deduct up to half the standard premium. Pension is 5% of salary, matched. A calculator that skips them overstates your pay by hundreds a month.

Common questions

Is there income tax in Bermuda?: No. Bermuda has no personal income tax, no capital gains tax and no tax return for employees. Employers pay a payroll tax and may deduct the employee share from salary.
What is the employee share of payroll tax in 2026?: For April 2026 to March 2027: 0.25% on the first $48,000; 7.75% from $48,001 to $96,000; 10.75% to $200,000; 11.5% to $500,000; 12.5% to $1,000,000. Nothing above $1,000,000.
How much is social insurance?: A flat weekly amount split equally between employee and employer — $37.65 each from August 2025, rising 4.25% from August 2026 under the 2026 Order, about $39.25 each.
How much health insurance can my employer deduct?: Up to one half of the standard premium under the Health Insurance Act 1970. The Standard Premium Rate is $439.55 a month from 1 April 2026, so at most $219.78 a month for the standard benefit.
Do work-permit holders pay into a pension?: Since 2020 employers must enrol eligible employees regardless of immigration status, with exceptions for short work permits. The rate is 5% from you and 5% from your employer. Ask your employer what applies to your permit.
What does $100,000 take home in Bermuda?: With every deduction: about $3,970 payroll tax, $2,041 social insurance, $2,637 health and $5,000 pension — roughly $86,350 a year, or $7,195 a month.

Sources — read this session

What will you actually take home?