Zambia – Pension Scheme Contribution Change
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On 7 January 2025, The National Pension Scheme Authority (NAPSA) issued a notice revising the contribution ceiling for the 2025 year.
Effective from 1 January 2025, the maximum monthly contribution is ZMW 1,708.20 and maximum employer and employee contribution amount is ZMW 3,416.40
The contribution rate, however, remains unchanged at 10 percent of an employee’s monthly gross earnings. For NAPSA purposes, earnings refer to any benefit given by an employer in exchange for the employee’s service. Earnings, therefore, include basic salary, bonuses, commission, severance pay, overtime allowance, leave allowance, acting allowance, commuted leave days etc.
Please contact your Mercans’ services delivery team for any additional information regarding the implications of the above change.
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Zambia – Pension Scheme Contribution Change – 1 January 20251.63 MB