The employer and employed both have responsibilities under the National Pensions Act, 2008 Act 766. If an employer does not comply with the Act, he can incur penalties and suffer a loss of reputation. Employer’s obligation Register with both SSNIT and a fund manager of his choice. Ensure all their employees registered with SSNIT. Deduct and […]
Tag Archives: pension
12
Oct
Oct
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 […]
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. […]
