The National Social Security Authority (NSSA) announced an update for all employers and stakeholders regarding the maximum insurable earnings per employee. Effective June 1, 2024, the new maximum amount of monthly earnings subject to contributions will be USD 700.Â
Contributions may also be payable in ZiG at the prevailing official interbank rate, in accordance with Statutory Instrument 99 of 2024. Payments should continue to be made in the same currency used for employee remuneration, as specified by Statutory Instrument 69 of 2021.
Click here to review the Statutory Instrument 99 of 2024.
NSSA Ceiling IncreaseÂ
The NSSA ceiling limit has been updated based on the TCPL rate as issued by the NSSA effective 01 June 2024.Â
NSSA Annual Ceiling | NSSA Monthly Ceiling |
USD 8Â 400.00 | USD 700.00 |
Should you have any questions regarding the Zimbabwe USD – NSSA ceiling increase: June 2024, please feel free to visit our Support page for more ways to get in touch, or email us at [email protected]
The PaySpace Team
