Social Protection Fund (SPF)

Social Protection Fund (SPF) is the new authority that's taken over the administration of Oman social insurance from 1st Jan 2024.

The social insurance components are replaced with the following:

• Insurance for Old Age, Disability and Death
• Insurance for Employment Security
• Saving Fund

Important: SPF applies to both private and government sector employees, and the Employer Type info held on the Employer Social Insurance Details calculation card doesn't apply for Omani citizens.

You can decide when you wish to include the new scheme to be processed in payroll.

Use the new attribute SPF Scheme Start Period to specify the date to activate the SPF scheme.

Note: This attribute is to be used to enable the SPF social insurance calculation by entering the period in which you want the calculation to start. Until then, the original social insurance calculation will continue.

The new employee/employer rates applicable from 01/01/2024 are:

Value Definition Name	Value
SPF Maximum Age	60
SPF Minimum Age	15
SPF Maximum Salary	3000
SPF Minimum Salary	0
Employee Insurance for Old Age, Disability and Death Rate	7.5
Employer Insurance for Old Age, Disability and Death Rate	11
Employee Insurance for Employment Security Rate	0.5
Employer Insurance for Employment Security Rate	0.5
Employer Insurance for Work Injuries and Occupational Diseases Rate	1
Employee Saving Fund Rate	9
Employer Saving Fund Rate	Note: Employer Savings Fund is optional for Omani’s working in Oman. If the employer opts to pay it each employer chooses their own rate.

You can use the attributes in the Employee Social Insurance Details calculation card component to select the Employee/Employer Saving Fund Rate:

• Saving Fund to be Paid by Employee
• Saving Fund to be Paid by Employer