The General Pension and Social Security Authority (GPSSA) has announced the end of the extended deadline for employers to pay pension contributions for October and November 2024. This extension, which exempted employers from late payment fees, was previously communicated to federal, government, and private sector entities across the UAE.

GPSSA revealed key figures for the two months. In October, 15,441 invoices were issued through the Ma’ashi platform, with 86.3% approved and 83.3% paid. For November, 15,359 invoices were issued, with 88.1% approved and 84.6% paid. Employers were reminded to make payments on time to avoid a daily penalty of 0.1% of the due amount, which is applied automatically without prior notice.

The GPSSA highlighted that contributions are due from the first day of the month following the applicable period, with payments allowed until the 15th of that month. The authority also clarified the contribution structure under Federal Law No.7 of 1999. Employees contribute 5% of their salary, employers contribute 15%, and the government covers 2.5% for Emirati workers in the private sector.

For employees who joined the workforce after October 31, 2023, new terms under Federal Law No.57 of 2023 apply. These workers now contribute 11% of their salary, with employers continuing to pay 15%. The government still covers 2.5% for Emiratis earning under AED 20,000.

The GPSSA continues to stress the importance of timely contributions to avoid financial penalties and ensure compliance with federal laws.