• Zambia: New NAPSA Ceiling for 2024

    As of 1 January 2024, the new NAPSA earnings ceiling is K29816 per month. The maximum an employee or employer will contribute per month at 5% is K1490.80 . The total maximum contribution by both the employee and employer is K2 981.60. The contribution…
  • ZAMBIA - National Pension Scheme (NAPSA) ceiling for 2021

    As from 1 January 2021, the new NAPSA earnings ceiling is K23 188 per month. The maximum an employee or employer will contribute per month at 5% is K1 159.40 . The total maximum contribution by both the employee and employer for 2021 is K2 318.80. …
  • Zambia: New National Pension Scheme (NAPSA) ceiling for 2020

    As from 1 January 2020 , the new NAPSA ceiling is K22 992 per month in Zambia. The maximum an employee or employer will contribute per month at 5%, is K1 149.60 . The total contribution by both the employee and employer for 2020, will not exceed K2…