The core business of NICO Vida is the provision of life insurance, pension administration, pension fund management and related services. NICO Moçambique Vida is part of the NICO Holdings Limited Group (www. com) which has presence in Malawi, Mozambique, Tanzania, Uganda, Zambia and Zimbabwe ... More Details »
The amount that you contribute towards providing for retirement, up to 15% in certain instances, may be deducted from your income before tax is calculated. This has the effect of you being taxed on a lower amount - your actual income less your retirement contributions. It does not mean that you will not have to pay tax on that money.