| MARCH 2022 – ZIMBABWE NSSA INSURABLE EARNINGS CEILING It is important that employers note the following: |
Pension & Other Benefits Scheme (POBS) contributions
The National Social Security Authority (NSSA) has published the new maximum amount of monthly insurable earnings for March.
The new maximum amount of monthly insurable earnings in respect of which contributions are payable shall be 75% (seventy five per cent) of the previous month’s total consumption poverty line (TCPL).
Where the TCPL figure is not available or published, the last published figure is applicable.
For March 2022, the insurable earning ceiling is ZWL$ 34,291.00.
For both employer and employee, the maximum deduction has changed from ZWL$ 1,433.61 (4.5% x 31,858.00) to ZWL$ 1,543.10 (4.5% x 34,291.00).
To view the insurable earnings banner on the NSSA website, follow the link.
Contact our legislation team at info@crs.co.za if you require any additional information.Â
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