Q: If my salary is GHC 500, what will be my SSNIT monthly contribution?
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A: Assuming your basic salary is GHC 500, here is a breakdown of how much you can contribute to each of the tiers in the 3 Tier pension scheme. Remember that only Tier 1 is managed by SSNIT:
Tier 1: 13.5% = GHC 67.5
Tier 2: 5% = GHC 25
Tier 3: Up to 16.5% = GHC 82.5