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If you are in formal employment in Kenya, your April pay slip will reflect a new statutory deduction of 1.5 per cent to the National Housing Development Fund. The funds will go towards financing the government’s affordable housing program under Big Four Agenda.
In a public notice carried by a section of the media this week, Transport, Infrastructure, Housing and Urban Development ministry in conjunction with Kenya Revenue Authority also require employers to match the employee’s contribution by a similar margin. Total deductions to the Housing Fund Levy should not exceed Sh5, 000.
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