The Voluntary Contribution Scheme / New contribution structure with choice of Fund I (low risk) or Fund II (medium risk) or a mix.
Mr. Tumwesigye whispers, “You saved my employees’ records.” Grace laughs. “No, Ali saved the whole system.” | Question | Answer | |----------|--------| | What percentage of an employee’s gross pay goes to NSSF in total (employer + employee)? | 15% (10% employer, 5% employee) | | At what age can you access 20% of your NSSF savings in Uganda? | 45 years | | What benefit applies if you lose a job involuntarily? | Withdrawal benefit (after 12 months of no formal employment) | | What is the maximum monthly insurable earnings for NSSF contributions? | UGX 6,000,000 | | What new option allows a member to choose investment risk levels? | Fund I (conservative) / Fund II (balanced) choice | nssf quiz questions and answers
45 years (for the mid-term access under the “Age 45” rule in Uganda’s NSSF Act, 2021 amendment). “No, Ali saved the whole system
UGX 6,000,000 per month (as per the NSSF Act, contributions are computed on a maximum of UGX 6 million). | Withdrawal benefit (after 12 months of no
Ali shouts, “It’s the contribution!” The screen flashes green. Grace smiles. “Correct. Late remittance attracts a 2% penalty per month.” Question 2 “I am the age when you can finally touch your savings fully. Not 50, not 60, but in Uganda, you must reach me for a mid-term benefit. What number am I?”