New NSSF rates?
The new National Social Security Fund (NSSF) rates per the NSSF Act No.45 come into effect from June of 2014, but soon this stalled. The matter got taken to Court and it is still in Court while we write this post.
We had all our systems prepared for this rate rise, but we swiftly reversed all of these changes and are still on tenterhooks, waiting for the outcome of the Court proceedings. Part of these reversals have been to change our website salary calculators to go back to how all taxes were calculated prior to this proposed change in NSSF.
So, in short, you can keep using our salary calculator online as this reflects the legislation in force right now. See here. As soon as we hear otherwise, we are ready and will change so that the transition for our clients is seamless and straightforward.
For information about the proposed new NSSF rates. Have a look at our previous blog article here