Eswatini: Upward Revision Of Statutory Contributions To The Eswatini National Provident Fund

Eswatini: Upward Revision Of Statutory Contributions To The Eswatini National Provident Fund

An official notice was published by the Eswatini National Provident Board. The 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 per month bringing the maximum contribution per employee per month to E350.00 


The Honorable Minister of 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 the 1st of January, 2023.

    • Related Articles

    • Nigeria | How do I prevent National Housing Fund from calculating?

      To prevent the National Housing Fund calculation from calculating enable the "Do not calculate NHF?" checkbox on the Statutory Fields on the Basic Company Details screen. Navigate > Configuration > Basic Settings > Company Settings > Basic Company ...
    • Payroll Funds Setup | Pension and Provident Fund Setup

      About A variety of Pension and Provident Funds are available to choose from on the Pension and Provident Setup Screen. You can select and configure the relevant funds according to the company’s requirements. The Pension or Provident Fund needs to be ...
    • Nigeria | Can employees be excluded from contributing to the National Housing Fund?

      Yes. Enable the "Exempt from NHF " checkbox under the Employee tab on the Basic Profile screen. It was designed to accommodate employees who are exempt from NHF (National Housing Fund) due to the voluntary deduction rule. Navigate > Employee > Basic ...
    • How do I set up the Provident Fund components?

      This feature is available on all PaySpace editions Once the Provident fund has been created, the corresponding employee deduction and company contribution components have to be set up on company level before linking them to employees. Step 1: Search ...
    • Where can employees’ Provident Fund Reference Numbers be recorded?

      An employee's Provident Fund Reference Number can be recorded on their Recurring Payroll Components screen, in the corresponding employee deduction and employer contribution components. Navigate > Employee > Payroll Processing > Recurring Payroll ...