Nigeria: Withdrawal from pension plan contributions | KPMG | GLOBAL

Nigeria: Guidance on withdrawal from pension plan voluntary contributions

Nigeria: Withdrawal from pension plan contributions

Nigeria’s National Pension Commission issued guidance for pension fund administrators and pension fund custodians about withdrawals from voluntary contributions to pension plans.

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The guidance was issued 16 November 2017 and is being viewed as a reaction to perceived abuse of voluntary contribution programs as a tax planning tool by employees in affecting their individual (personal) income tax. 

 

Read a November 2017 report [PDF 140 KB] prepared by the KPMG member firm in Nigeria

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