Yes, penalties are charged for non or late payment of contributions.
A 10% cumulative penalty is applied to contributions not paid by the due date.
It is important to make payments before the deadline to avoid penalties.
Our 2025 Strategic Goal
K10bn Contributions, K95bn Investments, 50% improvement on TAT & 15% Expense
The National Pension Scheme Authority (NAPSA) administers
Zambia's social security system, providing income security through retirement, invalidity,
and survivor benefits...