Kenya - Update to NSSF rates 2024 - Effective Date: February 2024 Payroll
The NSSF Act No. 45 of 2013 and Article 43 of the Kenya Constitution mandates the National Social Security Fund (NSSF) to provide social security to all workers in Kenya. This is therefore to notify all Employers, effective February 2024 payroll, of the NSSF Contribution Rates for the Second Year as indicated below:
Lower Limit (Tier1) | 7,000.00 |
Total Contribution by Employee | 420.00 |
Total Contribution by Employer | 420.00 |
Total Tier 1 NSSF Contributions | 840.00 |
Upper Limit (Tier2) | 36,000.00 |
Contribution on Upper Limit (6% of upper Limit less Lower Limit) | 29,000.00 |
Total Contribution by Employee | 1,740.00 |
Total Contribution by Employer | 1,740.00 |
Total Tier 2 NSSF Contributions | 3,480.00 |
Total NSSF Contributions | 4,320.00 |
Remittances to the Fund should be made by the 9th day of each subsequent month. https://www.nssf.or.ke/notice-to-employers-on-the-updated-nssf-rates
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