Kenya NSSF Contribution Increase

Kenya NSSF Contribution Increase

Following the ruling of the Court of Appeal on the NSSF Act No. 45 of 2013, the National Social Security Fund (NSSF) has asked all employers to immediately comply with the court verdict that allowed an increase in monthly contributions to take effect.
The new rates will see both the employee and the employer contribute to a maximum total of Ksh 2 160.00, increased from Ksh 400.00.

In a statement issued by NSSF Chairman Antony Munyiri, all employers who have been complying with the NSSF Act No. 45 of 2013 are urged to continue doing so, while those who are not should immediately comply as advised.

According to NSSF, every employer will be required to remit the new amount by the 9th of every month.

Click here for the press release.

Impact of the Kenya NSSF Contribution Increase on PaySpace

• Customers need to deactivate the “NSSF: Apply old calc” note component if applicable:

• The NSSF Tier 1 and Tier 2 contributions will then calculate accordingly:

• If this component is not deactivated, the NSSF contributions will not be split correctly as per legislation:

Should you have any questions regarding the Kenya NSSF Contribution Increase, please feel free to visit our Support page for more ways to get in touch, or email us at [email protected]

The PaySpace Team