Zimbabwe: POBS insurable earnings Quarter 3
The National Social Security Authority would like to advise all employers & stakeholders of changes to the Self -Adjusting Framework for determining the monthly POBS maximum insurable earnings per employee. In terms of SI 64 of 2022 gazetted on 01 April 2022, the monthly insurable earning ceiling is now reviewable quarterly.
In view of this, we would like to advise that the new ceiling for the months of July, August and September (Q3) of 2023 is ZW 2,414,896.00 per employee. This is effective from July 2023 payroll which becomes due on 10 August 2023.
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