NEWS & MEDIA
Payment of Contributions to the National Savings Fund
The National Savings Fund Act 1995 provides for the payment of a lump sum to every employee on his or her retirement age or earlier upon his or her death. Employers contribute to the Fund at the rate of 2.5% subject to a ceiling. As from 1 July 2019, the ceiling has been revised.
Members are kindly requested to access the members’ corner for the detailed information note.