Housing PS on why 3pc housing fund is must for overburdened taxpayers

Hinga

Housing Principal Secretary Charles Hinga. PHOTO | FRANCIS NDERITU | NMG

The National Treasury has proposed changes to the Employment Act to allow deductions of three percent from employees’ basic pay to fund President William Ruto’s ambitious affordable housing plan.  

The proposed statutory deduction will add another extra levy on employed Kenyans who are struggling with the rising cost of living amid salary increases and employment freeze by Kenyan employers.

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