WHATS New in Paymaster
Mauritius - NSF Ceiling
The Minimum and Maximum Basic Wage or Salary on which contributions to the National Savings Fund (NSF) are based have been increased effective 01 July 2022.
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NSF Ceiling July 2022
The NSF Minimum and Maximum Basic Wage or Salary on which contributions to the National Savings Fund are payable have been increased to the latest rates effective 01 July 2022.
- The Minimum and Maximum Thresholds have been implemented effective 01 July 2022 on the system.
- Customers are reminded to migrate to the Cumulative Tax Method as from July 2022.
- All Mauritius payrolls have been recalculated.
- If the July payroll is closed, manual adjustments via a post interim run can be processed using the “NSF Employee Adjustment” and “NSF Employer Adjustment” components.