Male has been in business for the last 12 years, but it is not until recently that he managed to do well enough to hire workers for his business. Now he can proudly say that he has several workers who work for him who he is able to pay every month. However, he has been informed that there is this thing called NSSF and he wants to know who is supposed to pay that after all, he already pays his salary.
The law says that if a person (an employer) has five or more employees on the payroll of their business, that employer is supposed to register and make contributions to NSSF on behalf of those employees (workers).
This same law requires that employer to deduct 5% from the employee’s monthly salary, then top up an amount equal to 10% of the employee’s monthly salary.
This means that both the employer (boss) and the worker (employee) contribute to a share of the NSSF payment. This brings the NSSF contribution for each employee per month to 15% of that employee’s salary.
Are you aware if your employer has been sending in your NSSF contribution? When was the last time you checked if your NSSF was sent in? If you have any concerns about this, please get in touch with us.
Comments
Post a Comment