Paymaster Magazine

Newsflash Africa 8 July 2022 – Zimbabwe – NSSA Ceiling Increase Update

Zimbabwe – NSSA Ceiling Increase Update

WHATS New in Paymaster

NSSA Ceiling Increase Update | Zimbabwe

In terms of Statutory Instrument 64 of 2022 gazetted on 01 April 2022, the monthly insurable earnings ceiling is now reviewable quarterly.

The insurable earnings ceiling for the months of July 2022, August 2022 and September 2022 is ZWL 255 675.

Click here to access the NSSA Public Notice.

NSSA Ceiling Increase Updates

The NSSA ceiling limit has increased based on the TCPL rate as issued by the NSSA effective 1 July 2022.

Paymaster Impact

  • These changes have been implemented on the system effective 01 July 2022.
  • All Zimbabwe USD and local companies have been recalculated in Production.
  • If employees have been remunerated in USD, update the Interbank Rate component if necessary (Tax code IBR).
  • No other statutory changes have been announced.

Lezé Felton

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