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#NSSFRates2025 #NSSFUpdates
🚨NSSF Update (Feb 1, 2025)🚨
🔹Contributions double to 6% of salary
🔹Max contribution:KES 4,320 (up from KES 2,160)
🔹Tier 1: KES 7K→KES 8K | Tier 2: KES 36K→KES 72K
📉Lower take-home pay |💰Higher employer costs. Are you ready?
#NSSFUpdates #PayrollKenya #HRKenya #Finance
New NSSF deductions to take effect from February 2025. See details below:
#skmafrica #skmtax #skmapos #NSSFUpdates #PayrollCompliance
The new @nssfug law is to target 52% of employers far higher than what was covered under the previous law. #NSSFUpdates
Update on the operations of the National Social Security Fund (NSSF):
The new law is to target 52% of employers far higher than what was covered under the previous law.
@GovUganda @nssfug @GCICUganda
#NSSFUpdates
#NSSFUpdates🚦🚥
Hon .@BettyAmongiMP: Our target is to increase coverage from the current 1.3m members with balances in @nssfug to 15 million by 2025. Statistics from the @StatisticsUg report of 2021, indicate that the total labour force in Uganda now stands at 15-19m workers.
Hon @BettyAmongiMP says her Ministry, @Mglsd_UG targets to increase coverage from the current 1,300,000 members with balances in @NSSFUg to 15,000,000 by 2025. #NSSFUpdates
Ongoing: The Minister of @Mglsd_UG, Hon. Betty Ongom Amongi together with the @mofpedU, Hon. @MatiaK5
and Officials from the @nssfug are addressing the public about employment of workers & their contributions to the fund.
#NSSFUpdates
& open a member’s saving account to make voluntary contributions to the fund. #NSSFUpdates
VIDEO: The @nssfug Amendment Act 2022 introduced voluntary contributions to the fund where a member can contribute over & above his/her standard contributions, & a self-employed person can also apply. #NSSFUpdates
.@BettyAmongiMP: The 6bn budget I approved is appropriated under NSSF operation Budget for 2022/2023
- The activities I have mentioned above are NSSF activities, and not of the Ministry of Gender, Labour & Social Development. #NSSFUpdates
The @mofpedU Minister, @MatiaK5 says he shouldn’t be borrowing from abroad yet he can borrow Ugandan’s money from @nssfug.
#NSSFUpdates
Statistics from the @StatisticsUg
report of 2021, indicate that the total labour force in Uganda now stands at 15-19 million workers and this constituency needs to be tap into the new benefits under @nssfug. #NSSFUpdates
Drive mandatory registration by undertaking compulsory registration in all industrial parks; plantations including sugar, coffee, tea, and fruits; road construction sites, and other mass employment sectors across the country. #NSSFUpdates
Drive mass registration of both eligible employers and employees considering that the new law is targeting 75% of the employment categories that were originally not captured under the old law. #NSSFUpdates
Establishment of an online system for whistleblowers to report non-compliance by employers who deduct and do not remit employee’s contributions. This intervention is important because compliance at the moment stands at only 51% in the formal sector.
#NSSFUpdates
Given that background and with my mandate as a supervisor, I directed the Board to examine the following as conduits to achieving the two strategic objectives; #NSSFUpdates
Hon Amongi: Meaning 49% of employers aren’t remitting contributions of employees.
By December 31, 2021, 420 cases were reported by whistleblowers
indicating employers who are non-compliance which required strategy to address. #NSSFUpdates
Hon Amongi: 75% of total employers are in the informal sector. The new law is seeking to include this sector to bring on board non compliant employers. #NSSFUpdates
Compliance now only stands at 51%.
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