SSHFC contribution calculator

Enter the basic salary and fixed allowances to see what goes to the Social Security and Housing Finance Corporation each month.

In the NPF the total is 5% from the employee and 10% from the employer, both on basic salary. In the FPS the employer pays 15% of gross salary on its own.

How it's calculated

NPF: 5% of basic salary deducted from the employee, plus 10% of basic salary from the employer.
FPS: 15% of basic salary plus fixed allowances, all paid by the employer.
Industrial Injuries Compensation Fund: 1% of basic salary plus fixed allowances, paid by the employer, up to D 15 a month.

An example

For a worker in the NPF on D10,000 basic and D2,000 allowances, the employee pays D500, the employer D1,000 and the injuries fund D15. The employer remits D1,515.

Frequently asked questions

When must contributions be paid?

The employer remits all contributions by the 15th day of the month after the salary was paid, with the NPF3 remittance schedule.

What happens if the employer pays late?

The SSHFC charges a penalty of 2.5% of the unpaid amount for each month or part of a month it remains unpaid.

Who is in the FPS and who is in the NPF?

The FPS covers public and quasi-government institutions, and private employers willing to pay the full contribution. Other private employers register their staff in the NPF. Civil servants have a separate government pension.

Who is not covered by the injuries fund?

The SSHFC lists casual workers on piece-meal contracts, domestic workers, family members living in the employer's house, out workers and the military.

Key terms

NPF: National Provident Fund: a savings scheme where contributions build up in your own account with interest until you retire at 60.
FPS: Federated Pension Scheme: a pension based on your final salary and years of service.
IICF: Industrial Injuries Compensation Fund, which pays workers injured at work.