How is NSSF calculated in Uganda?

The NSSF is a defined contribution scheme and is financed largely by contributions from employers and employees. The total contribution is equal to 15 percent of an employee’s gross salary, with the employer contributing 10 percent and the employee 5 percent.

Who qualifies for NSSF in Uganda?

(1) Any employee of or above the age of sixteen and below the age of fifty-five years except— (a) an employee employed in excepted employment; (b) a nonresident employee; (c) an employee not employed in Uganda, who is declared by the Minister to be such employee and any farmer or artisan who is a member of a …

How much does NSSF deduct from salary in Uganda?

NSSF is deducted monthly and the employee contributed 5% of their gross salary while the employer contributes 10% of the employee’s gross salary.

How do I check my NSSF balance Uganda?

Dial *254# on your smartphone or feature phone to access the following NSSF services without incurring any cost on data or airtime. Through this channel, you can make contributions, check balance, request for a mini statement and benefits claim status. Remember to use your registered phone number to dial the code.

How do I claim NSSF benefits?

How to claim your NSSF benefits online. To access the platform, one needs to download the NSSFGO Mobile and Web Application, scroll to Benefits Application and enter the required information and documents. Upon submission, a beneficiary is able to track the benefits claim until the payment is made.

How do I check my NSSF contributions online?

Below is the procedure:

Launch the NSSF Self- Service Portal on your browser.
On the portal, click the “ Member self-service links” option.
Select the “NSSF contributions statement” tab.
A statement’s account login page displays.
After logging in, expect a welcome remark.
The page redirects you to your account.

Can I withdraw my NSSF money?

those days are over. NSSF has digitized the claims process enabling its customers to make claims online. It is available to all members who qualify for the Age, Withdrawal, Invalidity, Emigration Grant and Exempted employment benefits as stated in Section 19 of the NSSF Act 1985,” Arimi said.

How can I get NSSF money?

How to apply: Visit your nearest NSSF office with the following documents:

A certified copy of your retirement letter OR certificate of service OR termination letter.
NSSF Membership Card.
National Identity Card/ Passport/ Alien ID.
Bank details for EFT.

How much does NSSF pay per month?

Employees contributions range from 360 shillings to a maximum of 1080 shillings per month for the first year. Employers will also be contributing an equal amount as yours towards your future. Voluntary contributor: Your minimum monthly contributions are now 200 shillings 100 shillings.

How is NSSF rate calculated?

NSSF contribution rates comprise a total of 12% of the employee’s entire pensionable salaries and wages. NSSF monthly rates are divided into two equal parts whereby the employer pays 6%, and the employee pays the remaining 6%.

How do I get NSSF on my phone?

How to get an NSSF statement using the mobile phone app

Install the NSSF app.
A prompt will appear for you to create an offline credential using a password and username.
A notification “Login Saved” signaling a successful creation of login data.
Click the “OK” button.

When can I get NSSF money?

55 years
Eligibility: Members are eligible for this benefit when they reach the age of 55 years, or when they ultimately retire from regular employment.

What does NSSF stand for?

The National Social Security Fund (NSSF) is National Saving Scheme mandated by Government through the National Social Security Fund Act, Cap 222 (Laws of Uganda) to provide social security services to employees in Uganda.

What is a NSSF pension?

NSSF is a provident Fund that covers all employees in the private sector that are not covered by the government’s pension scheme. Learn more about our purpose and values. Paid to all contributing members who have reached the retirement age of 55 whether in active employment or not.

What is the NSSF voluntary membership plan?

The NSSF Voluntary Membership Plan provides employers and workers not compelled by the mandatory provisions of the NSSF Act the opportunity to save voluntarily for their retirement. 1) Choice – you decide how much you contribute based on your income and life aspirations