In one sentenceThe GOSI branch that covers retirement, disability and death pensions. Its contribution is 9% on the employer and 9% on the employee of the contributory wage.
Simply put
The annuities branch is the largest part of the GOSI contribution, and it applies to Saudi employees.
Each side pays 9% of the contributory wage, so the total is 18% every month. The employee's share is deducted from the salary in the payroll, and the business's share is an expense.
Worked example
A Saudi employee at a store has a contributory wage of 10,000 SAR.
Employer's share 9% × 10,000900
Employee's share 9% × 10,000900
Total monthly annuities contribution1,800 SAR