How the new NSSF rates will affect Kenyans take-home pay

 Human Resources team goes through a payslip form. [Getty Images]

Kenyans’ ability to borrow is set to be further reduced with the expected new deductions this month by the National Social Security Fund (NSSF). This is as the industry awaits direction from the National Treasury.

Patrick Wameyo, a Financial Literacy Coach at Financial Academy and Technologies, has detailed how these new deductions will impact the payslip holders unable to access previous amounts owing to their now reduced ability to repay.