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Employee Contribution Rate

Employees contribute 6% of their gross salaries and the employer contributes 8.4%, which is based on the employee gross salary and is paid by the employer from its own funds.

Members may if they wish, make additional voluntary contributions from 6% up to a maximum of 15% of their fortnightly gross salary to the Fund to maximize their superannuation savings with the Fund. The employer may also increase its portion from 8.4% to a maximum of 15% if it wishes to do so on behalf of its employees.

The new Superannuation (General Provisions) Act 2002 provides for both employee and employer contributions to be remitted to an Authorized Superannuation (ASF) on regular basis. Employer must remit their employer contributions within 14 days of the end of each month and employee contributions are required within 14 days of date of deduction.

Now employers have a choice of which Superannuation Fund they want to join and remit their contributions to.

NSL Position on purchasing Telikom shares

NSL Position on purchasing Telikom shares

The following Statement can be attributed to NSL CEO Mr Paul Sayer. In response to the National Newspaper’s cover story on Wednesday, 28 September 2022, we would like to reiterate Nambawan Super Limited’s (NSL) position on the proposed privatisation of the State Owned...

State tenants were not asked to move out

State tenants were not asked to move out

Nambawan Super wishes to clarify that we have not told the State to move out of Nambawan Super Limited (NSL) owned properties as was reported in recent media publications. In fact, we value the State’s business and intend to retain them as a long-term tenant. The...