Employer Additional Contribution

Employer Additional Contribution

Any responsible employer, would reward, retain and encourage his/her people to perform better.

 

An excellent reward idea is to invest into their FNPF savings through Employer Additional contributions. That means you pay more than what is mandated by law – it can be by an additional 2% or 5% or $50 per pay.

 

Currently, the mandated employer contribution is 5%.

 

Benefits of Additional Contribution

  1. Be an employer of choice – paying a little bit extra for your employee’s through additional contribution will not only retain existing employee’s but also attract new talents and make you an employer of choice.
  2. Pay more & Claim 150% tax rebate. Employers can claim 100% tax rebate for contributing 5% as employer contribution. Employers contributing more than the mandatory 5% employer contribution can claim for 150% tax rebate on the excess for a taxable year.
  3. As part of the company’s employee recognition program, you can pay additional contribution as a one-time benefit. This will motivate your staff to be more productive.
  4. Invest in Fiji’s biggest financial institution.

 

Note:

From 1 January 2022:

1) the mandatory FNPF contribution will be increased from 5% to 6% for employers & employee’s

2) employer contribution exceeding the 6% mandatory FNPF contribution up until 10% will be allowed a tax deduction of 300% of the excess.

 

How can you submit employer additional contribution?

The additional amount that you intend to pay must be indicated on the Contribution Schedule form. The amount must be filled in the column “Employer Add Amount”.

The additional contribution is paid together with the mandated contribution at the end of every month.

There is NO LIMIT to the amount that you can pay for additional contribution to your employees.

 

How can I pay Additional Contribution?

Additional contributions are paid with the normal monthly contribution schedule.

Payment modes are:

  1. Internet Banking – make payments directly to the FNPF Bank Account Number. In the narration, state the invoice number.
  2. Direct Deposit at your bank – you can do over the counter deposit at your bank by providing the invoice number.
  3. FNPF Cashiers – you can pay at any of our offices.

 

Our Bank Accounts

 

Bank DetailANZBSPHFCWestpacBank of BarodaBred Bank
Bank Account No.15485815166826141S1800185023009101010001587900123697021
AddressANZ House SuvaGround Floor

Pacific House

Suva

371 Victoria Parade,

Suva

Suva Branch, Thomson St SuvaMark Street,

Suva

Level 5, Tappoo City,

Suva

 

Swift CodeANZBFJFXBOSPFJFJHFCLFJFJWPACFJFXBARBFJFJXXXBREDFJFJ
BSB No.010890069002129010039001049010119010

 

For more information, you can email EmployerHelpline@fnpf.com.fj or call us on 3238999.

 

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