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Thursday, November 30, 2023

UAE’s cash scheme for workers earning under Dh30,000 soars in popularity

Under NAFIS, Emiratis are eligible for the Salary Support Scheme if they earn less than Dhs30,000 per month.

A scheme that allows some UAE employees in private and banking sectors to earn more has seen an uptick in popularity.

Information released this week shows that, since the launch of the NAFIS scheme, more workers than ever are registered for pensions.

The scheme is a federal programme aimed at empowering UAE nationals to occupy jobs in the private sector.

Under NAFIS, Emiratis are eligible for the Salary Support Scheme if they earn less than Dhs30,000 per month.

Emiratis with a degree will be allowed a maximum monthly allowance of Dhs7,000, diploma holders can claim Dhs6,000 and those with a high school degree or less can take Dhs5,000.

The additional salary support is being rolled out by Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Court and Chairman of the Emirati Talent Competitiveness Council.

An additional allowance of Dhs600 will be paid for each child, with the only caveat being that their monthly salary does not exceed Dhs50,000.

Emiratis can claim this support for four children over a period of five years.

It is one of many such schemes available under NAFIS, with pension registration also encouraged.

This week, The General Pension and Social Security Authority (GPSSA) noted an uptick in the number of Emirati employees registering.

The information was revealed when the GPSSA met with the UAE’s Ministry of Human Resources and Emiratisation (MoHRE).

Attendees from both sides emphasised the importance of protecting the rights of Emiratis benefiting from the programme.

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