SSNIT CONTRIBUTION DEDUCTIONS SHOULD BE HIGHER THAN TAXES

By Agnes Francess Fynn Ocran



Human Resource Manager at Accra Metropolitan assembly, Mr. Seth Mosi said he dislikes the fact that the amount deducted from his salary to settle taxes is more than his SSNIT contribution; he said this in an interview with a 3rd year UniMAC-IJ student.

He said he would appreciate if the 5.5% of his salary deducted to settle his SSNIT contribution monthly would be used for taxes instead.

He urged the government to collaborate with SSNIT to change this situation to benefit him and other public sector workers.

Mr. Seth Mosi also highlighted that the SSNIT contribution is what will benefit him when he is on pension, yet the amount for taxes is more than the amount taken as SSNIT contribution.

He explained that approximately 200 cedis is taken from his salary to settle his SSNIT contribution, while about 1000 cedis goes into taxation. 

The Human Resource Manager added that if he had his way he wouldn't be contributing to SSNIT because SSNIT's expenses eats too much into the money of contributors.

He believes that SSNIT runs it's entire operation on the contributions that people pay, and that is what is resulting for the low payments given to pensioners at the end of every month. 

Finally, he said SSNIT favours their organisation more than their customers, and he is strongly against that, and wishes that something will be done about it.

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