How the new NSSF rates will affect Kenyans take-home pay

 Human Resources team goes through a payslip form. [Getty Images]

Kenyans’ ability to borrow is set to be further reduced with the expected new deductions this month by the National Social Security Fund (NSSF). This is as the industry awaits direction from the National Treasury.

Patrick Wameyo, a Financial Literacy Coach at Financial Academy and Technologies, has detailed how these new deductions will impact the payslip holders unable to access previous amounts owing to their now reduced ability to repay.

Yet even with the expected deductions, the Association of Pension Trustees and Administrators of Kenya (Aptak) still holds the opinion that the new rates are unconstitutional as upheld by the Supreme Court of Kenya.