NSSA Registration and Returns:Statutory Bookkeeping

NSSA operates two schemes to which employers contribute. The Workers Compensation & Insurance Fund (WCIF) which is funded entirely by employers for the purpose of providing benefits to employees and/or their beneficiaries in the event of a workplace injury or death.

The National Pension Scheme which is funded equally by both employers and employees. The fund provides benefits to employees and/or their beneficiaries in the event of retirement, invalidity or death.

Advantages of NSSA Registration.

• • Compliance with the NSSA regulations
  • You obtain a NSSA certificate which is required for tenders and payments
  • Employee benefits in the event of injury or death at work.
  • Employee pension benefits upon retirement
  • Safer workplaces from training and inspection services

Dangers of Non compliance with NSSA.

• • Penalties for non compliance.
  • Garnish orders which may affect your operations.
  • You wont be able to get a NSSA certificate.

Requirements for NSSA registration

To register with NSSA, you only need to provide the following.

• Certificate of incorporation
• Cr6 (CR14)
• Cr5 (Cr6)
• Contact details of the company phone number, physical address and emails
• Any two directors certified copies of IDs and personal contact details
• Company business
• Bank details
• Employee details – full name, id, DOB,address, phone numbers, salary

What do you obtain after NSSA Registration.

• After a successful NSSA registration a company is issued an SSR Number.
• Employees are allocated SSN
• Registration should be done within 30 days of becoming an employer, by completing employer registration form P2 and ensure that employees complete employee registration form P3.
• Penalties apply for late payments, returns should be submitted on or before the 10th of every month.