Sierra Leone Payroll & Social Contributions

Payroll: NASSIT contributions and PAYE withholding

• PAYE and NASSIT operation — Employers operate PAYE on employee salaries and contribute to the National Social Security and Insurance Trust (NASSIT) under the NASSIT Act 2001. Both PAYE and NASSIT are remitted monthly to the relevant authority. (NASSIT Act 2001)
• Total NASSIT contribution — 15% of basic salary percent (National Social Security and Insurance Trust Act 2001)
• Employer NASSIT contribution — 10% of basic salary percent (National Social Security and Insurance Trust Act 2001)
• Employee NASSIT contribution — 5% of basic salary (withheld by employer) percent (National Social Security and Insurance Trust Act 2001)
• Contribution base — Basic salary/insurable earnings (no published statutory cap commonly applied) (approx — confirm) (National Social Security and Insurance Trust Act 2001)
• Benefits covered — Old age, invalidity and survivors' (death) benefits (National Social Security and Insurance Trust Act 2001)
• PAYE withholding — Employer deducts progressive PAYE (0%–30%) from employee pay each month percent (Income Tax Act 2000)
• Monthly remittance deadline — PAYE and NASSIT due by the 15th of the following month (Income Tax Act 2000)
• National minimum wage — NLe 800 per month NLe (approx — confirm) (Minimum Wage regulations)
• Employer add-on cost — Employer-side cost typically adds around 10%–12% on top of salary (mainly NASSIT) percent (approx — confirm) (National Social Security and Insurance Trust Act 2001)