Paymaster Magazine

Newsflash Africa 22 July 2022 – Mauritius – NSF Ceiling

Mauritius – NSF Ceiling

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.

Paymaster Impact

  • 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.

Lezé Felton

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