The National Social Security Fund (NSSF) has declared a 13.5% interest rate for its members for the financial year 2024/2025—the highest payout since 2017 when savers earned 15%.
The announcement was made on Monday, September 22, 2025, during the Fund’s Annual General Meeting (AGM) in Kampala. The new rate comes as welcome news to NSSF’s 2.3 million members, following more modest returns in recent years—11.5% last year and 10% the year before.
According to NSSF officials, the improved performance is credited to strong investments, better employer compliance, and a diversified portfolio covering fixed income, equities, and real estate.
“This year’s results highlight the Fund’s resilience and commitment to delivering real value to members despite economic challenges,” noted the NSSF Managing Director.
The 13.5% payout translates to over Shs 2.5 trillion to be credited to members’ accounts—surpassing last year’s Shs 2 trillion distribution.
Analysts, however, cautioned that inflation—currently around 5%—and a weakening shilling could partly erode returns, though members will still enjoy positive real gains.
With this performance, NSSF ranks among the best-performing retirement schemes in East Africa, where most funds posted single-digit returns.
Managing assets worth more than Shs 20 trillion, NSSF remains Uganda’s largest provident fund. The announcement comes at a time of heightened public scrutiny of the Fund’s governance and investment strategies, but officials stressed that the results reflect long-term financial sustainability.
