Update 23 April: We have received confirmation that the TERS benefit paid by employers to their employees will not be subject to PAYE, SDL or UIF. You may pay this amount off-system if you choose, but we recommend waiting until we have updated our system to include a new TERS benefit item. We will send out a notification when the system has been updated.
An overview of the changes made to ETI due to COVID-19, which bring opportunities to both current participants and employers who previously did not qualify.
In an effort to alleviate payroll strain and to make the various UIF codes and forms simpler for employers to understand, we have put together a summary of how these all work.
An overview of the COVID-19 TERS scheme, detailing the requirements, rewards and process involved for businesses.
Brief overview on schemes that could provide support to businesses in general, as well as for SMMEs
To ease the payroll burden on employers and payroll administrators during the COVID-19 pandemic, we have introduced a new Employee Actions section to our Bulk Actions page to allow users to manage an employees end of service in bulk.
On Monday 23 March, President Ramphosa announced a 21 day lockdown from 23:59 on Thursday 26 March. Read more in this blog post.
The repo rate has decreased by 100 basis points, resulting in the official interest rate for employer loans changing to 6.25%.
We have updated our system to reflect the Compensation Fund’s annual earnings threshold for the 2020/2021 Return of Earnings.
With SimplePay you’re always compliant! We have updated our system with the tax changes announced in the budget speech on 26 February 2020. You can continue processing as usual and no special year-end procedures are required.
