New NSSF rates online calculator



nssf rates online self service

The NSSF ACT 2013 comes into effect from June 1st 2014.

There is a raise in NSSF contributions from a maximum of KShs 200 to the new rate of 6%. However, the act has allowed for a transitional period building up to the 6%.
For users of Wingubox ™ Payroll, these changes have been effected automatically for you. You may view the new formula by going to:

  • On the main menu:
  • “Payroll Settings”->”Formulas”->”Other Formulas”
  • Select NSSF and view the new formula

You’ll notice it is possible to switch between the old NSSF rates and the new ones for purposes of processing pay slips pre-2014.

Below is a table guide that will demonstrate your transitional payments.

This table is based on NSSF act 2013 and Deloitte Kenya interpretation notes.

NSSF act (2013) Rates projected over the next 4 years

  2015
Lower Earnings Limit 6,000.00
Upper Earnings Limit (50% of NAE)
 
 
Tier 1 Salary  
Tier 2 Salary  
 
Tier 1 contribution  
Tier 2 contribution  
Total contribution  
 
Effective contribution  

Use our online paye calculator to view sample working for a full PAY SLIP.


© Copyright 2018, All Rights Reserved by Wingubox Ltd | Our Terms