Statutory
NHF (National Housing Fund)
A contribution of 2.5% of basic salary to the National Housing Fund.
The National Housing Fund is a scheme managed by the Federal Mortgage Bank of Nigeria. Employees contribute 2.5% of basic salary, which is deductible before PAYE. The NHF Act covers public and private sector staff, though many private employers do not deduct it. Contributions give access to subsidised mortgages.
Related terms
Help & how-to
See it in practice
Remit PAYE, pension & NHF on time
Generate the schedules, track the deadlines, and record each payment reference.
Set up salary structures & pay elements
Define what people earn once, assign it in bulk, and override per employee where needed.
The payroll run lifecycle, explained
Run, review, approve and lock, pay, remit, then roll over. The same flow every month.
See it applied to real payroll
Vintage People applies these statutory rules on every run, with a full audit trail.