Pension and Other Benefits Scheme (POBS) contributions
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).
Kindly note that as from April 2022, the POBS maximum insurable ceiling will be reviewed on a quarterly basis. Previously, the ceiling changed on a monthly basis.
For April 2022, May 2022 and June 2022 the insurable earnings ceiling was ZWL$ 159,530.00. For both employer and employee, the maximum deduction changed from ZWL$ 1,543.10 (4.5% x 34,291.00) to ZWL$ 7,178.85 (4.5% x 159,530.00).
For July 2022, August 2022 and September 2022 the insurable earnings ceiling is ZWL$ 255,675.00.
To view the insurable earnings banner on the NSSA website, follow the link.
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