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?
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.
Clinical Psychologist (MA) / Corporate Trainer/ Award Winning Male Mental Health Advocate.
5 个月Very helpful