SEIFSA INFO NOTE MEIBC-MIBFA LEVIES AND CONTRIBUTIONS AS AT 1 JULY 2023

Dear All

Herewith please find the SEIFSA Info Note for the MEIBC-MIBFA levies and contributions as at 1 July 2023.

It is important to note the Engineering Industries Pension Fund (EIPF) or Metal Industries Provident Fund (MIPF) will increase by 0.2% on the employers contribution.  The employee’s contribution remains at 7.5%.

SEIFSA INFO NOTE MEIBC-MIBFA LEVIES AND CONTRIBUTIONS AS AT 1 JULY 2023