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Social security in Peru 2026
Peruvian employees pay no health contribution — the employer covers it — so the payslip deduction is the pension: 13% in the national system, or about 12.5% all-in (10% account + ~2.5% insurance and commission) plus a small disability-and-life insurance premium in a private fund.
Private-system contributions have no salary ceiling, and the calculation floor is the PEN 1,130 minimum wage.
At a glance
- top rate
- 13% (national system)
- entry band
- ≈about 12.5% all-in (10% account + ~2.5% insurance and commission) + insurance (private funds)
- tax year basis
- Monthly, withheld by the employer
- filing deadline
- Employer remits monthly
- residency basis
- All domiciled employees choose one system
- regime flag
- No income tax relief on what you pay in
Rates
Employee pension contributions (2026)
| Rate | Base | Applies to |
|---|---|---|
| 13% | Monthly earnings (ceilings vary by regime) | National pension system |
| 11.5% + insurance premium | Monthly earnings, no ceiling | Private pension funds — individual capital accounts |
| Voluntary | Chosen amounts | Self-employed and unemployed people may contribute to the private system |
Thresholds & allowances
- Salary floorPEN 1,130 per month
The minimum wage since January 2025 sets the lowest contribution base
- No income tax reliefContributions and premiums not deductible
Unlike most countries, pension savings give no income tax deduction
Residency
Residency trigger
Every domiciled employee must contribute to either the public or a private fund; the employer withholds and remits.
Non-resident treatment
Health insurance of 9% is an employer-side cost; twice-yearly statutory bonuses are excluded from the pension base.
Notes
- Private funds are individual accounts managed by pension-fund administrators that invest the money and eventually pay the pension.
- Pension income arising from employment is exempt from income tax when eventually drawn.
- Self-employed workers are not compelled to contribute but may join the private system voluntarily.
- There is no employee unemployment or health charge — severance protection runs through a separate employer-funded deposit system.
FAQ
How much social security do employees pay in Peru?
Only the pension: 13% of salary in the national system or roughly about 12.5% all-in (10% account + ~2.5% insurance and commission) plus insurance in a private fund — health insurance is the employer's 9%.
Are Peruvian pension contributions tax-deductible?
No — neither the 13% or about 12.5% all-in (10% account + ~2.5% insurance and commission) contributions nor insurance premiums reduce income tax, but the pensions they fund are exempt when paid.
Figures: tax year 2026, compiled from public sources. Not tax advice.