Compensation fund assesment rates

[blue-eye-boy]

We just got a assesment today, R 61000. And thats for just 1 year. Can anyone tell me how it is calculated? I couldn't find an answer, not even ont their site.

 

[HavocXphere]

https://www.labour.gov.za/legislati...ic-guide-to-compensation-fund-assessment-fees

Based on Legislation in Section 82, of the Compensation for Occupational Injuries and Diseases Act

I think I've got a copy of the COIDA act on somewhere...PM me if you need it. Be warned its gonna be a tedious read though...

 

[blue-eye-boy]

https://www.labour.gov.za/legislati...ic-guide-to-compensation-fund-assessment-fees

Based on Legislation in Section 82, of the Compensation for Occupational Injuries and Diseases Act

I think I've got a copy of the COIDA act on somewhere...PM me if you need it. Be warned its gonna be a tedious read though...

I saw that, but all that they say is that you take the employee's salary, Devide by 100, times (assesment tarrif). Now thats what I need, the assesment tarrif. These guys want to bill, but doesn't tell me how am I billed.

 

[Billy]

https://www.labour.gov.za/downloads...Assessment Tariffs.doc/view?searchterm=tariff

You just need to know which subclass your field of work is in.


Which is Industry Classifications

https://www.labour.gov.za/documents...es/compensation-fund-industry-classifications

 

[Billy]

2210
The business of accountant; auditor; advocate; attorney; conveyancer; notary; law agent; quantity surveyor; editing and journalistic work provided no printing and/or publishing, other than distribution through the post, is undertaken; press agency; typing and roneo work as a separate business; any other profession not otherwise stated.


This is a good choice tariff is 0.13. Not much Roneo work these days though.

 

[blue-eye-boy]

I see we're in the class VI, meat industry.

 

[blue-eye-boy]

https://www.labour.gov.za/downloads...Assessment Tariffs.doc/view?searchterm=tariff

You just need to know which subclass your field of work is in.


Which is Industry Classifications

https://www.labour.gov.za/documents...es/compensation-fund-industry-classifications

Okay, opened the links now on my pc. I see the assessment rates on that doc are until 2006, and on that, sub class 600 (which we are in), is on 1.97% of the employees annual salaries. Then lets say it all stayed on 2 % from then, then it sounds quite right that we got nailed so much. Its just a bitter pill to swollow, just to think of who this all is going to. I mean, just a wild guess, its even more expensive that my own personal life cover, if I can compare it like that. Thanks guys.