National pension scheme authority

Under the provisions of the National Pension Scheme Authority (NAPSA) Act, 1996, every person who is employed by a company in Zambia which is required to register with NAPSA must register as a member of the scheme. Both Zambians as well as non-Zambians working in Zambia must be registered as members. The only exception being staff that have diplomatic status or those that work for international organisations.

Both the employer and employee are required to make monthly contributions based on the employee gross earnings.

The monthly maximum employer and employee contribution payable to NAPSA has increased to K 1,592.40 (K1,584.10 in 2014) for income earned between 1 January 2015 and 31 December 2015.

The contribution rate remains at 10% (subject to the ceiling K 1,592.40) of an employee’s total monthly earnings.