Free account, no minimum balance, and you can pause any month.
Calculate your Nigerian Personal Income Tax from your salary and see how RSA pension contributions reduce your tax bill.
Monthly Take-Home Pay
₦4,739,200Annual PITA (Income Tax)
₦780,800Pension Contributions
₦480,000Monthly Take-Home
₦394,933
Effective Tax Rate
13.0%
marginal: 24%
Annual tax saved by RSA contributions
₦115,200
₦9,600 saved per month
An illustration using the figures you entered, for education only — not financial, investment or tax advice. Real returns depend on prices, fees and tax at the time.
Tax = PITA(Gross − CRA − Pension); CRA = 20% × Gross + max(1% × Gross, ₦200k)Total annual employment income including all allowances
Consolidated Relief Allowance — automatic deduction for all taxpayers
RSA contributions (mandatory 8%+ voluntary) deducted before tax
7% → 11% → 15% → 19% → 21% → 24% on successive income brackets
Questions
Then what
Model the outcome here, then let Shares Saver buy NGX-listed shares with the monthly amount — registered in your name, from ₦10,000 a month.
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