A Comparison of Social Contribution in GCC Countries

The Gulf Cooperation’s Council (GCC) is a political and economic union of Arab states bordering the Arabian Gulf. It was established in 1981 and its 6 members are the United Arab Emirates, Saudi Arabia, Qatar, Oman, Kuwait, and Bahrain.

Local employees working in GCC either in the Government or private sector are eligible for pensions and other retirement benefits. These plans are for the benefit of employees and it gives them an opportunity to maintain their standard of living even after leaving their jobs. The social security contribution promises financial security during your retirement period.

Below is a comparison on Social security contributions in GCC. Employees working in GCC countries have different pension policies as per the Country Social Security Law.

There are two Authorities in UAE for handling social contribution. The rate provided above belongs to GPSSA (General Pensions and Social Security Authority).

• Maximum pensionable salary AED 50,000/-
• Employee Contribution – 5%
• Employer Contribution – 12.5%
• Government Contribution – 2.5%
• Calculation on – Gross Salary

Please see the below details for Abu Dhabi Retirement Pension and Benefits fund (ADRPBF)rates

• Minimum pensionable salary AED 6,000/-
• Maximum pensionable salary AED 200,000/-
• Employee Contribution – 5%
• Employer Contribution – 15%
• Calculation on – Gross Salary

Social Security acts as a foundation of income for employees which aids in the proper planning of retirement. More than that cases wherein workers become disabled or he/she dies, the social security system protects them and their families

For a comprehensive understanding of each country’s Payroll Process, please refer to our articles relating to each country.

• Payroll Process in UAE
• Payroll Process in KSA 
• Payroll Process in Oman 
• Payroll Process in Qatar
• Payroll Process in Bahrain
• Payroll Process in Kuwait 

Payroll Process

The process of payroll is a little complicated and time-consuming; hence it is always recommended to outsource your company’s payroll function. Outsourcing payroll will ensure the assistance of a team of trained payroll professionals and it frees up the time of the organization, helping them focus on other projects that add value to their business.

One should be extra vigilant while selecting their payroll provider, as payroll data is highly sensitive, and one should opt for a provider that can ensure high levels of data security.

As a leading payroll outsourcing company, HLB HAMT can help solve your payroll complexities through customized strategies. We take care of our clients’ entire payroll cycle that includes preparation of payroll reports, processing salary payment with WPS compliance, accrual management including Gratuity, pension funds, an online portal for accessing payslips, and many more. Our leadership team spends the necessary hours in every project, ensuring our clients get refined consulting services to take your business forward. HLB HAMT provides payroll in UAE, Bahrain, Qatar, Saudi Arabia, Kuwait and Oman.

To know more about our payroll process, click here

Disclaimer:
Whilst every effort has been made to ensure the accuracy of this information, HLB HAMT will not accept any liability arising out of errors or omissions. Please note that this blog is not all-inclusive. Our guidance is designed only to give general information on the issues/topics covered. It is subjected to change and not intended to be a comprehensive summary of all laws which may be applicable to your situation, treat exhaustively the subjects covered, provide legal advice, or render a legal opinion.

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