The Higher Education Loans Board (HELB) has warned employers against delaying the remittance of loan deductions made from employees who are beneficiaries of HELB loans.

🇰🇪 Breaking It Down

In a notice issued on Monday, September 14, the board reminded employers that all HELB loan deductions must be remitted by the 15th day of every month.

HELB urged employers to ensure deductions made from employees' salaries are forwarded to the board within the stipulated period to maintain compliance with repayment requirements.

“Ensure all HELB loan deductions are remitted by the 15th of every month to maintain timely compliance,” the board stated.

📌 What You Need to Know

Employers are required to deduct the amounts listed under each beneficiary's monthly deduction rate before forwarding the money to HELB.

They must also upload their remittance list through the HELB Employer Portal before making payment, using the Remittance tab and the CSV template provided on the platform.

Further, the process requires employers to enter the required employee and repayment details before uploading the completed template for processing.

HELB's employer requirements are based on three key obligations: disclose, deduct, and discharge. Employers must declare beneficiaries they recruit, make the prescribed deductions, and remit the money to HELB.

Employers who fail to comply may face penalties and enforcement action, with HELB providing for a KSh3,000 monthly penalty per affected employee in cases involving failure to declare a beneficiary or remit required deductions.

A separate five per cent penalty on unpaid deductions for every month or part of a month may also apply where amounts remain outstanding, potentially increasing the amount owed by an employer.

📰 Source: Kenyans.co.ke