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New deduction to fund govt housing plan
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Mukiri
#11 Posted : Thursday, June 21, 2018 1:04:51 AM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
simonkabz wrote:
Mukiri wrote:
simonkabz wrote:
newfarer wrote:
simonkabz wrote:
Very negligible amount. If you earn 100k they take 500. White cup mbili tu! Wachukue. Such monies apana rahisi kuiba, the GoK may not allow it.
really! if all the 11.5 million salaried employees pay av 250/-per month ,fanya hesabu.
Adds up to about 3b. It's for a good cause. Wacha tuone nani ataiba hiyo.
It is easy for a rich man to say that. The other divide knows better from reading daily of wanton corruption and outright theft, that goes unpunished. Why amass more resources when what is there is being plundered? Kwani what will make that 3B any different?
Pastor Jambo. Lets say I'm a bit more optimistic with GoK managed funds like the NSSF and NHIF. Ata hii niko na imani nayo. The GoK is like a guarantor. Im more wary of the saccos out there, some already going rogue.
Jambo Sir. Most of these infamous entities are GoK managed. Ama NYS is what exactly? How many NSSF scandals have made headlines?
Proverbs 19:21
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Angelica _ann
#12 Posted : Thursday, June 21, 2018 9:37:14 AM
Rank: Elder

Joined: 12/7/2012
Posts: 11,937
Overall how will this benefit the contributors; Employers and Employees. At least we know how NSSF and NHIF work and the benefits that accrue therein.
In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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Lolest!
#13 Posted : Thursday, June 21, 2018 10:46:32 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Angelica _ann wrote:
Overall how will this benefit the contributors; Employers and Employees. At least we know how NSSF and NHIF work and the benefits that accrue therein.
It's a tax. There's no direct benefit to you the contributor though I read a DN piece that claims contributors will be given first priority on allocation.
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Speculz
#14 Posted : Thursday, June 21, 2018 11:20:49 AM
Rank: Member

Joined: 5/6/2011
Posts: 391
Location: Nairobi
They should show us how our other taxes have been put to good use before asking for more. We Kenyans are a brave lot taking all this with a smile. Nicaragua's attempt at pension reforms did not go down so well.
"You can't have everything. Where would you put it?" - Stephen Wright
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Mukiri
#15 Posted : Thursday, June 21, 2018 12:15:10 PM
Rank: Elder

Joined: 7/11/2012
Posts: 5,222
Speculz wrote:
They should show us how our other taxes have been put to good use before asking for more. We Kenyans are a brave lot taking all this with a smile. Nicaragua's attempt at pension reforms did not go down so well.
A nice way to sugar(mercury)coat Cowardice. When did Kenya ever complain about anything. It died with independence and multi-party. Things have to get to astronomical levels before we lift a finger
Proverbs 19:21
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Swenani
#16 Posted : Thursday, June 21, 2018 1:52:35 PM
Rank: User

Joined: 8/15/2013
Posts: 13,237
Location: Vacuum
Mukiri wrote:
Speculz wrote:
They should show us how our other taxes have been put to good use before asking for more. We Kenyans are a brave lot taking all this with a smile. Nicaragua's attempt at pension reforms did not go down so well.
A nice way to sugar(mercury)coat Cowardice. When did Kenya ever complain about anything. It died with independence and multi-party. Things have to get to astronomical levels before we lift a finger
It's not cowardice but stupidity.When whole communities have sheep mentality,how do you help such people?
If Obiero did it, Who Am I?
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Lolest!
#17 Posted : Wednesday, January 30, 2019 11:24:39 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Finally!
Quote:
The government will start deducting 1.5 percent housing levy from all employees in the public and private sector beginning March 1.
https://www.nation.co.ke...957666-jnsqhr/index.html It's 1.5% employee and similar amount employer. This fund will be BIGGER than NHIF & NSSF! Remember NHIF has a low maximum(1,700) while NSSF new rates have never been applied. Even if new NSSF rates are applied, the NSSF pays the member upon retirement or his beneficiaries in case of death. Housing fund will pay you back all monies(no interest?) in case you aren't a beneficiary upon retirement. Unlike what happens for NSSF(employer contribution is paid to the member/employee), for National Housing Development Fund you don't get to benefit from employer's contribution. The fund keeps those contributions. Anyway, let's see about the Parkroad houses first
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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  | | Edit by user: Wednesday, January 30, 2019 11:28 AM | Reason: Not specified
kingfisher
#18 Posted : Wednesday, January 30, 2019 2:08:23 PM
Rank: Elder

Joined: 4/9/2008
Posts: 2,824
Lolest! wrote:
Finally!
Quote:
The government will start deducting 1.5 percent housing levy from all employees in the public and private sector beginning March 1.
https://www.nation.co.ke...957666-jnsqhr/index.html It's 1.5% employee and similar amount employer. This fund will be BIGGER than NHIF & NSSF! Remember NHIF has a low maximum(1,700) while NSSF new rates have never been applied. Even if new NSSF rates are applied, the NSSF pays the member upon retirement or his beneficiaries in case of death. Housing fund will pay you back all monies(no interest?) in case you aren't a beneficiary upon retirement. Unlike what happens for NSSF(employer contribution is paid to the member/employee), for National Housing Development Fund you don't get to benefit from employer's contribution. The fund keeps those contributions. Anyway, let's see about the Parkroad houses first
There is a maximum capping of 5k being the combined total of both employer/employee per month. So it will be max of 2.5k per month for both unless that has been changed.
When I have money, I get rid of it quickly, lest it find a way into my heart.
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Lolest!
#19 Posted : Friday, April 12, 2019 11:25:08 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
kingfisher wrote:
Lolest! wrote:
Finally!
Quote:
The government will start deducting 1.5 percent housing levy from all employees in the public and private sector beginning March 1.
https://www.nation.co.ke...957666-jnsqhr/index.html It's 1.5% employee and similar amount employer. This fund will be BIGGER than NHIF & NSSF! Remember NHIF has a low maximum(1,700) while NSSF new rates have never been applied. Even if new NSSF rates are applied, the NSSF pays the member upon retirement or his beneficiaries in case of death. Housing fund will pay you back all monies(no interest?) in case you aren't a beneficiary upon retirement. Unlike what happens for NSSF(employer contribution is paid to the member/employee), for National Housing Development Fund you don't get to benefit from employer's contribution. The fund keeps those contributions. Anyway, let's see about the Parkroad houses first
There is a maximum capping of 5k being the combined total of both employer/employee per month. So it will be max of 2.5k per month for both unless that has been changed.
Right
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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Lolest!
#20 Posted : Friday, April 12, 2019 11:46:37 AM
Rank: Elder

Joined: 3/18/2011
Posts: 12,069
Location: Kianjokoma
Maswali hapa Those earning 150K and avove not part of beneficiaries https://bomayangu.go.ke/Faq
Laughing out loudly smile Applause d'oh! Sad Drool Liar Shame on you Pray
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