Under Saudi Arabia’s new Social Insurance Law (in force 3 July 2024), pension contributions for first-time Saudi contributors rose 0.5 points on each side, reaching 10% employee and 10% employer (totals around 10.75% employee and 12.75% employer with SANED and hazard), with the phased rise running to 2028. The expat rate is unchanged: employer-only 2% occupational hazard, 0% from the employee. What it means for you: this directly answers the common expat question ‘does GOSI deduct from my salary?’ — no, for expats nothing is deducted — and it kills the myth that expats build a GOSI pension balance to refund on exit Sources: PwC, Kinetic. Related: GOSI calculator (https://gulfexpatrights.com/gosi-calculator-saudi-arabia/).
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