SHIF vs NHIF

SHIF Contributions: How Much Should Be Contributed?

Contributions to the Social Health Insurance Fund (SHIF) are set at 2.75% of an employee’s gross salary or annual income for non-salaried earners. The minimum contribution is Kshs. 300, ensuring health coverage for all.

SHIF vs. NHIF: Rate Comparison

SHIF contributions increase with income, providing broader health services, unlike NHIF, which has flat rates beyond certain salary levels.

Who Are the Contributors and Beneficiaries?

• Contributors: Individuals who make SHIF payments, including salaried and non-salaried workers.
• Beneficiaries: Include the contributor, spouse (under the Marriage Act), and children under 25. Polygamous families can cover multiple spouses and children.
• Adult Dependents: Individuals over 25 without an income and living with parents must contribute Kshs. 300 per month as a separate household.

SHIF on payroll.

Implementing these changes seamlessly is essential.?FaidiHR’s payroll system?is a comprehensive solution that’s already equipped to handle monthly statutory deductions for SHIF. Streamline your payroll processes effortlessly with?FaidiHR, ensuring compliance and efficiency every step of the way.