SANED unemployment insurance
What is SANED in GOSI?
The situation
SANED is unemployment insurance at 0.75 percent from the employee and 0.75 percent from the employer for Saudis.
The law
- GOSI contribution rules: Old system Saudis 9.75 percent employee and 11.75 percent employer; non-Saudis 2 percent employer (hazards); wage base capped at SAR 45,000
What it means for you
SANED is part of the Saudi totals of 9.75 percent employee and 11.75 percent employer under the old system. It pays benefits if a Saudi employee loses their job. It does not apply to non-Saudis under the existing system.
What to do
- Include in payroll.
- Explain to staff.
- Pay.
We can do this for youGOSI registration and monthly contributions for Saudi and expat staff under the old and new Social Insurance systems: SAR 1,200