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Are there any other contributions that an employer can deduct from my wages?
Yes. Regardless of your age, your employer is entitled to deduct contributions that go towards the Housing and Social Development Levy. read more
Does Social Security offer loans to individuals on their accumulated balances?
This is not an option that is available. It is important to remember that when money is paid into Social Security, it is pooled together into what is called the Social SecurityFund. read more
Does the Social Security Age Benefit payment consider the effects of inflation?
Yes. The Age Pension is based on the insured persons three (3) best contribution years, which are usually the latest years. This method works on the premise that wages being paid at any point in time normally keeps pace with inflation. read more