How do I check my nasfund balance?
(a) For TextBal Service – Type *627*membershipnumber*ddmmyyyy# SEND. (b) For Online Service – Log in to www.nasfund.com.pg and click on the member online and log in with your membership number and password. (c) NASFUND App – Click on App and Type in your membership number and 4 digit pin.
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.
Can I transfer funds from nasfund to NCSL?
One can not transfer superannuation funds to ncsl while being an active member of nasfund. If I am already a member of another savings & loan society, can I still join the ncsl? No. The Registrar of savings & loan societies does not allow members to join more than one society.
How do I withdraw money from nasfund?
You cannot withdraw your funds from nasfund. You will have to transfer your Funds from nasfund to your current contributing Superfund (Nambawan Super). What is the process to transfer my Funds? You will have to go through the same process as withdrawing your FUNDs.
How do I check my nasfund balance via SMS?
Members can check their NASFUND Balance as follows; (1) If you have already registered your mobile number with the Member Online Service. (a) For TextBal Service – Type *627*membershipnumber*ddmmyyyy# SEND.
Can I withdraw from my nasfund savings?
A. Unemployment Duly complete Nasfund Withdrawal Forms. Confirmation letter from the last employer. Confirmation letters from previous employers (if any). Salary Bank Account Statement. Copy of valid ID (Nasfund, Passport, work ID).
How is superannuation calculated?
How to calculate superannuation. Super is calculated by multiplying your gross salary and wages by 10%; 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.
How is interest calculated on superannuation?
Generally, if you earn over $450 (before tax) per month, your employer will pay 9.5% of your pay into super that will use compounding interest to grow until you reach retirement.
Does ncsl pay interest on savings?
Does NCSL pay interest on savings? Yes, the Society pays a fixed interest rate of 3.00% per annum on your total savings balance and also pays additional annual interest based on the surplus funds (profit) made each year end.
Is nasfund same as ncsl?
“NCSL was created out of NASFUND purposely to provide members a facility that can assist with their short term financial needs. “NCSL is there for your short term financial needs while NASFUND is for your long term or retirement savings,” he said.
Does NCSL pay interest on savings?
How do I check my NCSL balance on my phone?
To access this service, members are to enter the prompts *628# and press the send button. Members will then be asked to enter their membership number and follow the steps in the drop down menu for balance enquiry, savings withdrawal or loan.
