Each employed person within Trinidad & Tobago who receives a minimum salary of $200.00 a week shall contribute to the National Insurance scheme. Contributions made to this scheme are marginal when compared to the payout in the event of Invalidity, Sickness, Maternity, Employment Injury, Medical Expenses, Retirement, Survivors and Death.
Employees normally wait until they need to apply for a benefit before visiting the NIBTT to confirm the submission of contributions by their employers. This practice affects the processing of their benefits as each benefit has its own contribution qualifying requirement.
This session is designed to share an overview of the National Insurance Scheme and enlighten participants as to why it is important to be compliant from the Employee perspective.
- This session will explain the importance of making contributions to this scheme.
- Explain employers’ obligations
- Explain employees’ obligations and ability to get information
- Discuss non-Nationals contributions
- How to register for a NI number
- Paying contributions without NI numbers
- The payslip
- First time/New employees to the job market
- Employees approaching retirement
Mr. Kerwin John has been in the National Insurance compliance field for over 20 years. He brings to this session his expertise in the field along with his company – Kazi Company Limited – understanding of how to blend business efficiency with remaining compliant within Trinidad and Tobago. Mr. John has been working independently through Kazi Company, with various businesses to manage their accounting and payroll. His drive is to assist all businesses regardless of size to become compliant with the regulations and show them that the cost factor is not as horrendous as most persons perceive when thinking about Board of Inland Revenue and National Insurance.