Tag Archives: nssf

Kampala, Uganda | THE INDEPENDENT | How does it matter that the tax on an individual’s contributions to the National Social Security Fund is deferred to the time of withdrawal of the benefits, as had earlier been proposed by the NSSF? The media reports that the government plans to tax the …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …

The fund has reported an 8% increase in member contributions for FY2020/21 Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund will easily achieve its Shs 20 trillion asset under management target for 2025 once the NSSF Amendment Bill is passed into law, the fund’s executives say. The …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has formally written to the Speaker of Parliament returning the National Social Security Fund Bill, 2019 with proposals for amendment. Oulanyah revealed the contents of Museveni’s letter dated 26th August, 2021 during the Tuesday plenary sitting saying that he had received …

  Kampala, Uganda | THE INDEPENDENT | All bills passed by the 10th Parliament  but have not yet been assented to by the President have automatically lapsed, Speaker of parliament Jacob Oulanyah ruled today. Speaker Oulanyah told parliament today that all the bills that have lapsed both Govt and Private have …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has no plans to review its investment structure even when there are some companies whose shares are not doing well on the stock market. Some stocks across East Africa’s stock market have lost value since their initial public offer and …

Kampala, Uganda | THE INDEPENDENT |  The Minister of Finance, Planning and Economic Development Matia Kasaija has appointed a new Board of Directors for the National Social Security Fund (NSSF) for the next three years effective September 01, 2021. The new NSSF board is headed by Dr. Peter Kimbowa, a …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF has asked parliament to split the current Fund into two to provide for workers who would want to have midterm access to their savings. Speaking to reporters at the NSSF head offices in Kampala on Thursday, Richard Byarugaba, the NSSF’s managing …

Kampala, Uganda | THE INDEPENDENT | Makerere University staff have been exempted from the mandatory contribution to the National Social Security Fund-NSSF. The exemption has been given by the finance minister Matia Kasaija, who approved the Makerere University Retirement Benefits Scheme as a supranational scheme to offer retirement benefits to employees …