Rule 305 — Ordinary annual contributions
Parent Act Section(s): See cross-references below
Full Text
- Ordinary annual contributions.– The yearly contribution of the employer to a fund for each employee shall not exceed 27% of their salary for each year as reduced by any contributions the employer made to a provident fund for the same employee during that year, whether recognised or not.
Cross-References
Act Sections Referenced
- None identified
Related Rules
- None
Practical Notes
[To be populated — interpretive notes, circular references, case law pointers]