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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.

Members trust voluntary savings to Nambawan Super

Members trust voluntary savings to Nambawan Super

Nambawan Super members’ have saved more than K170 million through voluntary contributions. Nambawan Super Chairman Anthony Smaré revealed this during the announcement of its 2019 financial results stating that over the last 7 years, as the Fund improved its management...

Members benefiting from housing advance

Members benefiting from housing advance

Nambawan Super has helped more than 14,000 members with Housing Advances totalling more than K200 million since 2012. Chairman of Nambawan Super Board of Trustees, Mr Anthony Smaré revealed this during the 2019 financial performance and interest rate announcement,...