👥 Payroll
Pension Contribution
What is Pension Contribution?
Under Nigeria's Contributory Pension Scheme, employees contribute 8% and employers contribute 10% of gross salary to a Retirement Savings Account (RSA). This is mandatory for organizations with 3+ employees.
Pension Contribution in Nigeria
Managed by PenCom (National Pension Commission). Employees choose their own Pension Fund Administrator (PFA). Funds can be accessed at retirement, or partially for mortgage.
Related Terms
Want Erin to handle this automatically?
Stop doing tax math manually. Erin tracks your income, calculates in real time, and shows you exactly what matters.