Get the up-to-date nasfund member data update form 2025 now

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The document is a Member Data Update Form that collects personal details, beneficiary information, previous employment history, and bank account details of a member. It includes sections for confirming the accuracy of the information provided by both the member and their employer, along with space for nominee details for death benefits.

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How to calculate superannuation contributions?

How to calculate superannuation. Super is calculated by multiplying your gross salary and wages by 11.5%; this is known as the superannuation guarantee. Super is based on your Ordinary Time Earnings (OTE). Overtime and expenses are excluded but some bonuses and allowances are included.

Who contributes to NASFUND?

Duty To Contribute Every employer employing 15 or more employees has the duty to; Pay the employer portion of the contribution in respect of each of its employees continuously employed for 3 months or more. Deduct from its employees pay the employee portion of the contribution.

How do I contact Nasfund online?

Were available Monday to Friday, 9am to 5pm (GMT +10) Email. help@nasfund.com.pg. Phone. Toll 1588. Locations. View branches.

What is the percentage of voluntary contributions for NASFUND?

Minimum member voluntary contribution rate is 1% or more per fortnight. What is member voluntary contribution? Extra contribution above mandated member 6%. Why increase your member contribution?

How is NASFUND contribution calculated?

The employee contributes a minimum of 6% of his/her gross salary paid after tax and the employer contributes 8.4% on behalf of the employee. There is no limit as to the rate of employee contribuƟons. The employer may also elect to contribute addiƟonal contribuƟons up to a maximum of 15%.

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How to check interest paid to your NASFUND contribution?

✔To log in to the member online portal, click here: ✔If you are using the Nasfund Mobile App, simply open the App on your mobile phone and follow Steps #2 and #3 to view the interest paid on your contributions.

Can I withdraw money from NASFUND after 3 months?

If a member is un-employed after 3 months and is facing financial hardship, he/she is eligible for a partial withdrawal. If the member has still not found employment after 12months.