CRS News Flash 05 July 2023 – ZIMBABWE – NSSA Insurable Earnings Ceiling July – September 2023

The National Social Security Authority (NSSA) has published the new maximum amount for the POBS monthly contributions insurable earnings ceiling applicable to July, August and September 2023.

For April, May and June 2023 the insurable earning ceiling was 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).

For July, August and September 2023 the insurable earnings ceiling is ZWL$ 2,414,896.00.
For both employer and employee, the maximum deduction has changed from ZWL$ 23,320.75 (4.5% x 518,239) to ZWL$ 108,670.32 (4.5% X 2,414,896).

To view the schedule of insurable earnings on the NSSA website, follow the link.