Increase in MIBFA Pension & Provident Fund Contribution Rates

Increase in MIBFA Pension & Provident Fund Contribution Rates

Please note that the employer contribution rates for the pension and provident funds will increase on 1 July 2024 by 0.2%, meaning that contributions from employers will increase to 8.10%, with the employee contribution remaining at 7.5%.  This is in accordance with the Funds Surplus Apportionment arrangements.

EIPF_MIPF firm circular Letter re contribution increase 2024

For more information, please visit the MIBFA website:

http://www.mibfa.co.za/downloads/EIPFcomm.pdf (Pension Fund Surplus Apportionment information)

http://www.mibfa.co.za/downloads/MIPFcomm.pdf (Provident Fund Surplus Apportionment information)

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