CAN AN INDIVIDUAL CHOOSE TO MAKE NSSF CONTRIBUTIONS?

All Martha’s friends have been talking about NSSF benefits. They keep saying that they are receiving profits and when they check their phones, they see millions of shillings. Last night, this got her wondering, all her money and savings go into luxurious things that she does not think she will even have 10 years from now and she wants to know if she can also keep some of her money with NSSF so that she has some money to ‘eat’ later when she no longer has a stable salary.

WHAT DOES THE LAW SAY?

The law allows NSSF to accept contributions from both employers and private individuals that may not be required to make NSSF contributions. These are called voluntary contributions. Such employers or private persons like Martha may choose a specific amount of money they are willing to save monthly with NSSF.

Has this post gotten you thinking about saving with NSSF? What are your thoughts on saving with NSSF? Please let us know in the comments below.

📷: Freepik

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