News FlashesApril 10, 2024

News Flash 8 April 2024 – ZIMBABWE – NSSSA Insurable Earnings Ceiling April 2024-June2024

APRIL 2024 – ZIMBABWE
NSSA INSURABLE EARNINGS CEILING APRIL 2024-JUNE 2024
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 April, May and June 2024.

The ceiling limit was increased to ZWL$12,520,686.00 per month.
For both employer and employee, the maximum deduction will be ZWL563,430.87 (4.5% x ZWL12,520,686).

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

 

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