News Flash 28 March 2024 – SOUTH AFRICA – COID Minimum Assessment and Maximum Earnings Amount

MARCH 2024 – SOUTH AFRICA
COMPENSATION FUND EARNINGS THRESHOLD
It is important that employers note the following:

Return of Earnings (ROE) maximum earnings threshold and minimum assessment amount
The earnings threshold for the 2024/2025 tax year was published in Notice 2390 of Government Gazette No. 50386 on 27 March 2024.

In terms of Sections 83(2)(a) and 83(8) of the Compensation for Occupational Injuries and Diseases Act, the Minister of Employment and Labour has issued a notice to announce the following:
• For the period 1 March 2024 to 28 February 2025, the maximum earnings amount on provisional assessment is R597 328.
• An increase in the minimum assessment amount from R1 443 to R1 530.

The maximum earnings amount on actual earnings for the period 1 March 2023 to 29 February 2024 is R568 959.

To view notice 2390 and the latest ROE form, follow the link.

©2024 CRS Technologies (Pty)Ltd. All Rights Reserved.

Share the Post:

More News and Insights

Scroll to Top

Book your CRS solutions demo or consultation


By submitting this form, you agree to our terms and conditions

Software products

Simplify payroll and HR management with our comprehensive solution suite.

HR software

Reshape the employer-employee dynamic.

Payroll software

Enhance accuracy and efficiency.

Performance management software

Nurture employee development.

Integration & Security

Connect with leading ERP platforms.

Global footprint

We’re active in 35 countries.

Our services

Grow your business while we take care of your human capital.

HR outsourcing

Transform HR into a strategic asset.

Payroll outsourcing

Simplify your payroll operations.

EOR & PEO

Expand your global reach.

Support channels

We keep your payroll and HR infrastructure running smoothly.

Service desk & FAQ

Round-the-clock expert support paired with essential payroll and HR information.

HIPE4 Agreement

Global payroll and HR excellence defined.

Download resources

Leverage expert insights that steer your strategic decision-making.

Downloads

Essential resources to improve your business practices.

News & Insights

Comprehensive coverage of key payroll and HR issues.

Company overview

CRS has been pioneering payroll and HR solutions for global organisations for over 40 years.

About us

Our custom payroll and HR solutions benefit employers and employees in more than 35 countries.

Work with us

Experience an environment where creativity, collaboration and empowerment thrive.