• Different departments
• Has branches situated in the same place or in different places, all departments and branches will be treated as a single employer.

• An individual
• A statutory authority or organisation
• Unincorporated partnership or body or
• A corporation that employs a person under a contract of service.

• Overtime pay
• After salary sacrificing of allowances including housing, car and education packaging
• Bonuses
• Compensations, etc.

• Earned by the employee while on duty or on leave with pay
• Paid or payable in cash to the employee

The contributions of an employee shall be deducted directly from the employee’s pay by the employer at the time of payment and paid to Nasfund within 14 days of the date of deduction. Pay means remuneration of any kind including;

• gross salary
• wages
• leave entitlements
• commissions, etc…

• Employees who are involved in primary production and employed by an employer who is in the business of growing or processing cocoa, copra, oil palm, rubber, tea, or coffee (exempted employees).
• Note that employees in this category whose employment may be seasonal so that there are intervals of unemployment are generally not regarded as employees unless they have been employed for more than 24 months.

• Employer shall remit Employer Contributions within 14 days of each month

• Within 14 days of the date of deduction

Pursuant to Sections 5 and 6 of the Superannuation Regulation 2002 the contributions have progressively increased over the years and settled at 8.4% for employers and 6% for employees.

Below are changes in employer contribution percentages (%) over time.

• 7% to 31st December 2004
• 7.7% from 1st January 2005 to 31st December 2007
• 8.4% from 1st January 2008 to date.