When you retire, it’s likely that you will rely on some sort of pension to help pay your bills and live comfortably. If you live in Namibia, your state pension will look very different from the pensions available to citizens of other countries. In this article, we’ll take an in-depth look at how much the Namibian government pays out in-state pensions and what factors can influence your pension level. We’ll also look at whether you need to save for retirement earlier than you might think!

The starting points

Namibia’s pension system is pay-as-you-go, so current working people pay for the pensions of retired people. The Central Bank of Namibia controls how much money goes into and out of the system. It calculates how much a worker pays into it each month and then increases or decreases the amount depending on market conditions.

How Much is the State Pension in Namibia?

Namibia’s state pension is based on a person’s income, age and whether they have other dependents. It can range from R3,000 to R10,000 per month. The higher your income and the older you are when you retire, the more you will receive as a pension.