News FlashesOctober 11, 2023

CRS News Flash 10 October 2023 – ZIMBABWE – NSSA Insurable Earnings Ceiling October – December 2023

OCTOBER 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 maximum amount for the POBS monthly contributions insurable earnings ceiling applicable for October, November and December 2023.

The ceiling limit remains unchanged at ZWL$ 2,414,896.00.

For both employer and employee, the maximum deduction remains ZWL$ 108,670.32 (4.5% X 2,414,896).

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

Contact our legislation team on info@crs.co.za if you require any additional information.

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