The eSwatini National Provident Board resolved that the ceiling amount of wages for the purposes of the payment of statutory contributions to the Fund be increased from E3 300.00 to E3 500.00. Therefore, the maximum contribution for both the employee and employer is E350.00 per month.
Employee Maximum Contribution: E175.00
Employer Maximum Contribution: E175.00
The Honorable Minister for Labour and Social Security approved the increase as contained in Legal Notice No. 140 of 2020.
The statutory contribution increase will come into effect on 1st January 2023.
Click here for the official document.
ENPF Rate Increase
The rate increase has been applied effective 1 January 2023.
|ENPF Annual Maximum Rate (2023)||ENPF Monthly Maximum Rate (2023)||ENPF Maximum Limit (2023)|
|E2 100.00||E175.00||E3 500.00|
Impact of the eSwatini ENPF Rate Increase on PaySpace
• The changes have been implemented on the system effective 1 January 2023.
• No other statutory changes have been announced.
Should you have any questions regarding the eSwatini ENPF Rate 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