|APRIL 2023 – ZIMBABWE
NSSA INSURABLE EARNINGS CEILING
It is important that employers note the following:
Pension and Other Benefits Scheme (POBS) contributions
The National Social Security Authority (NSSA) has published the new maximum amount for the POBS monthly contributions insurable earnings ceiling applicable to April, May and June 2023.
For January, February and March 2023 the insurable earnings ceiling was ZWL$ 500,966.
For both employer and employee the maximum deduction has changed from ZWL$ 20,317.46 (4.5% x 451,499) to ZWL$ 22,543.47 (4.5% x 500,966).
For April 2023, May 2023 and June 2023 the insurable earning ceiling is ZWL$ 518,239.
For both employer and employee the maximum deduction has changed from ZWL$ 22,543.47 (4.5% x 500,966) to ZWL$ 23,320.75 (4.5% x 518,239).
To view the insurable earnings banner on the NSSA website, follow the link.