NASSCORP contribution calculator
Enter gross monthly earnings to see what goes to NASSCORP each month and who pays it.
The National Pension Scheme takes 4% from the worker and 4% from the employer. The employer also pays 2% for the Employment Injury Scheme.
How it's calculated
- Employee pension contribution: 4% of monthly earnings, deducted by the employer.
- Employer pension contribution: 4% of monthly earnings.
- Employment Injury Scheme: 2% of monthly earnings, paid only by the employer.
An example
On L$40,000 a month, the worker pays L$1,600 and the employer L$2,400, so NASSCORP receives L$4,000.
Frequently asked questions
Who pays the Employment Injury Scheme contribution?
Only the employer. Registered employers contribute 2% monthly for each insured employee.
How much goes to my pension?
Your 4% and the employer's 4%, so 8% of your monthly earnings in total.
What do my contributions pay for?
The National Pension Scheme pays retirement and invalidity pensions or grants, and pays your contributions to your dependants if you die before 60. The Employment Injury Scheme covers injuries at work.
Key terms
- National Pension Scheme
- The NASSCORP scheme that pays retirement and invalidity pensions and grants.
- Employment Injury Scheme
- The NASSCORP scheme, funded by employers, that compensates injuries at work.
The same calculation in other countries
United States (English)
United Kingdom
Canada (English)
Ireland
Australia
New Zealand
South Africa
Singapore
Hong Kong SAR China
Nigeria
Malaysia
Philippines
Kenya
Tanzania
Ghana
Pakistan
United Arab Emirates
Kuwait
Uganda
Jamaica
Mauritius
Cyprus (English)
Rwanda
Sri LankaUp-to-date official data
Data checked against the official source on .
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