AUGUST 2020 – MAURITIUS
PORTABLE RETIREMENT GRATUITY FUND & NPF/NSF
It is important that employers note the following:
Changes to Portable Retirement Gratuity Fund and NPF/NSF contributions announced
Portable Retirement Gratuity Fund (PRGF)
The Worker’s Rights (Portable Retirement Gratuity Fund) (Amendment) Regulations 2020 has been published in Government Notice No. 123 of 2020. The amendment includes the extension of the implementation date of the PRGF to January 2021.
Earlier in the year, the effective date of 1 January 2020 was postponed to 1 April 2020 to give employers the opportunity to prepare for the implementation.
National Pensions Fund (NPF) and National Savings Fund (NSF)
On 27 July 2020 the Mauritius Revenue Authority (MRA) published a notice to inform employers that the minimum and maximum basic wage on which contributions to the NPF and NSF are payable have been reviewed
Effective 1 July 2020, the minimum and maximum wages for contributions are as follows:
Contact our legislation team at info@crs.co.za if you require any additional information.
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