How NSSF new rates will shrink payslips next year

Under the new NSSF rates, an employee earning a gross salary of Sh100,000 will see their contribution rise from Sh4,320 to Sh6,000.

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Workers will pay up to Sh2,160 extra to the National Social Security Fund (NSSF) from February, weakening their purchasing power.

This marks the fourth year of implementing the higher mandatory NSSF contributions, which increased to a maximum of Sh1,080 in 2022 from Sh200 and the current Sh4,320.

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Note: The results are not exact but very close to the actual.