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Employers who employ one or more part- or full-time employees must register with the Compensation Fund and pay annual assessment fees.

 

The annual assessment fee is calculated on workers earnings and the assessment tariff based on the risks associated with the type of work that is done by the specific employer.

 

Assessment tariffs are reviewed annually and are based on the risks related to a particular type of work.

 

Employers fall into one of over a hundred subclasses, each with its own assessment tariff.  (See the Compensation Fund Assessment Tariffs document - Industry Classifications, Classes, Subclasses and Assessment Tariffs – Compensation Fund)

 

If an employer’s accident costs are higher than others in the same subclass, the assessment tariff may be increased.

 

Assessment fees are payable in advance within 30 days of the date on the assessment notice sent to employers each year.

 

 

I order to view the view the newest changes please follow the following links:

 

 

For more information contact Tinus Boshoff (012) 666 8284

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