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New deduction to fund govt housing plan
Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Your payslip will have a new deduction to fund the housing plan in the big 4 agenda. This deduction will be at 0.5% of your gross pay https://www.the-star.co....nd-housing-plan_c1774078
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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Jubilee atamalisa nyinyi. Meanwhile somebody is plotting how to swindle it.  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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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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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. TULIA.........UFUNZWE!
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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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. punda amecheka
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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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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. TULIA.........UFUNZWE!
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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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?
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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Has the fund to manage this been put in place? 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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Rank: Elder Joined: 3/2/2007 Posts: 8,776 Location: Cameroon
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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. TULIA.........UFUNZWE!
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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house allocation on 'Charitysweeptake' basis nonesense I have never won a dime.. only the politicians, their wives and sidechicks will win the lottery.. https://citizentv.co.ke/...on-causes-storm-204584/
can only be useful if the contributions are refundable like nssf punda amecheka
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Rank: Elder Joined: 3/2/2009 Posts: 26,330 Location: Masada
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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. The employer is supposed to top same amount,so it's gonna be 6B. That's big money. Portfolio: Sold
You know you've made it when you get a parking space for your yatcht.
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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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?
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Rank: Elder Joined: 12/7/2012 Posts: 11,921
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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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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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.
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Rank: Member Joined: 5/6/2011 Posts: 391 Location: Nairobi
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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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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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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
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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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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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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...57666-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
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Rank: Elder Joined: 4/9/2008 Posts: 2,824
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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...57666-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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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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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...57666-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
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Rank: Elder Joined: 3/18/2011 Posts: 12,069 Location: Kianjokoma
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Maswali hapa Those earning 150K and avove not part of beneficiaries https://bomayangu.go.ke/Faq
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