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)