Our payroll team gets questions on Tier 3 Pension Scheme tax benefits. In this article, we discuss the frequently asked questions Tier 3 Scheme and its tax benefits. What is Tier 3 Scheme? It is a voluntary pensions scheme managed by private sector trustees licensed by the National Pensions Regulatory Authority (NPRA). Who can contribute to […]
Tag Archives: pension
14
Nov
Nov
Q1. What is the national pension scheme in Ghana? A: The National Pension Scheme is a 3-tier scheme created under the National Pensions Act 2008, Act 766. The tiers are: ● Tier 1 – the first tier is the Basic National Social Security Scheme for all workers in Ghana. It is a defined contribution scheme. […]
09
Nov
Nov
Avoid penalties for non-compliance and safeguard your business by learning what you need to do under the National Pensions Act 2008. The Ghana Pensions Act 766 places obligations on both the employer and the employee of a business, however, the burden of compliance rests with the employer. The employee typically has no option of opting […]
