87 results found

The Joint Tax Board (JTB) recently issued a public notice (the Notice) on the perceived abuse of voluntary pension contribution (VPC) scheme by employees as a means of avoiding personal income tax.

A circular dated 16 November 2017 has been issued by the National Pension Commission (PENCOM) to all licenced Pension Fund Administrators and Custodians.

On 2 April 2019, the Senate, during its plenary, announced that President Muhammadu Buhari declined assent to the National Housing Fund (Establishment) Bill 2018 ("The NHF Bill").

The National Pension Commission (PENCOM) on Friday 23rd, September 2022 issued guidelines for workers to obtain a mortgage by accessing their retirement savings account (RSA).

The tax authorities are seeking to limit the amount that can be made by an employee as VC to one-third of the employee's salary based on the provisions of S.5(7) of the Labour Act.

On 25 October 2018, the National Pension Commission published Guidelines on Voluntary Contribution under the Contributory Pension Scheme.

The National Pension Commission (PenCom) recently released guidelines (the Guidelines) to provide clarity on voluntary contributions (VCs) under the Contributory Pension Scheme (CPS).

Every year, thousands of professionals retire from active service, either upon reaching the statutory retirement age of 65 or after 35 years of pensionable service.

The Framework essentially sets the ground rules for co-investment by Pension Fund Administrators in portfolio companies alongside private equity funds in which they are limited partners.

Nigeria's Pension Regulator, Pencom, has recently issued regulations permitting pension funds to co-invest in private equity funds with

On 23rd September 2022, the National Pension Commission released the Guidelines on Accessing Retirement Saving Account Balance towards Payment of Equity Contribution ...

In sixty days, all Reporting Financial Institutions will be required to file their first set of Information Returns in compliance with Income Tax Regulations

It is not unusual for employers to provide loan schemes for employees for the purpose of acquiring properties or undertaking personal projects.

President Bola Ahmed Tinubu on June 8, 2023, gave assent to alter the Constitution of the Federal Republic of Nigeria, 1999 to ensure uniformity in the retirement age and pension rights of judicial officers...

The Contributory Pension Scheme (CPS or "the Scheme") regime in Nigeria was established by the Pension Reform Act (PRA) 2004 amended in 2014.

The National Pension Commission (PenCom) has taken a significant step towards modernising Nigeria's pension system with the launch of the Pension Contribution Remittance System (PCRS).

Whether or not you are aware or have been deliberate about it, you have been ‘planning' for your retirement for a long time.