Superannuation

Nasfund's superannuation services are guided by a commitment to transparency, effective management, and the goal of maximizing returns while safeguarding members' contributions. This system is a critical component of financial planning for workers in Papua New Guinea, ensuring they have the necessary resources to maintain their quality of life in retirement.

ABOUT superannuation

Super is an automatic savings plan with benefits. Investing in super is one of the best ways you can ensure financial prosperity for your future.

Nasfund provides financial security for its members when they retire from active employment. Under this system, both employees and their employers make regular contributions to a superannuation fund (Nasfund), which is managed and invested on behalf of the members. 

The accumulated funds grow over time through contributions and investment returns, creating a nest egg for members to access upon retirement. In addition to retirement benefits, superannuation at Nasfund also provides financial support in other situations, such as disability, permanent incapacity or to the beneficiaries in the event of a member's death.

NATIONAL SUPERANNUATION FUND (LTD)

Nasfund provides financial protection to its members and beneficiaries at retirement or when normal income flows are suddenly cut off.

PNG’s first super fund 
National Superannuation Fund Ltd or Nasfund is an accumulation fund and was the first Approved Superannuation Fund to be licensed by the Central Bank under the Superannuation (General Provisions) Act 2000 in 2002. Nasfund is the successor entity of the National Provident Fund and was incorporated as a company under the Companies Act in May 2002. 

Members from government & the private sector 
Its membership are mainly workers from private sector companies, government owned corporations and statutory authorities. Nasfund's primary purpose is to provide its members (or their beneficiaries) financial protection at retirement, loss of employment, death, disability to work or when the normal flow of income is suddenly cut off. 

Diversified accumulation fund 
In order to provide members a comfortable retirement after active employment, Nasfund invests its members’ funds across a variety of asset classes and aims to credit positive returns of a minimum CPI over a rolling 5-year period. 

Nasfund also strives to provide an efficient and effective superannuation service and has a number of innovative benefits and products available for members.

EDA SUPA

Eda Supa is for anyone who is earning some form of income and wants to save in a superannuation environment, farmers, sole traders and small business owners.

Eda Supa is a voluntary superannuation savings account for workers / individuals who are currently outside of the superannuation net by virtue of their status as being self-employed, operating a small business, working in a small establishment less than 15 employees, farming in cash crops or recipients of landowner royalties. Persons who sign up to open an Eda Supa Account must be aware that this saving is subject to the normal rules and regulations that govern the Superannuation Industry.

The services and benefits that are accorded to compulsory contributors are also applicable to Eda Supa Savers. You will receive a membership ID card and you will be able to participate in the Nasfund Membership Discount Program.

Once you sign up, you are encouraged to contribute regularly. You are not able to withdraw anytime at will. Remember, this is not a bank account. This is a superannuation account that you have elected to open to cater for your retirement needs. Therefore, access to funds is subject to the same guidelines that apply to compulsory contributors.

Get in touch

Do you have a question for us?

Please contact us on:
Call: 1588 | Digicel: 7373 3000 | Vodafone: 7676 6000
Email: help@nasfund.com.pg or marketing@nasfund.com.pg