In South Africa, where access to affordable education remains a major challenge for many, advanced companies that facilitate access to education (for their employees and children) certainly make an important contribution to the socio-economic development of South African society. Did you know, therefore, that an organization can directly help its staff and children receive training? In South Africa, a company can contribute up to R 20,000 (per year) to the education of its employees` children. A maximum of R20,000 per person can be counted as a tax-exempt benefit for the worker. Find out more. Here I need your contribution to „In September 2017, she applied for an NSFAS loan that was approved for 2018 university studies.“ Now the question is, „Does the company (my employer) still have to pay my child`s university fees or does the company have the right not to pay such money that takes care of other needs for my child?“ Dear Mark Thank you for your question. In short, yes, you could. Please note, however, that you need a scholarship directive. Conclusion: education is an investment. Facilitating access to education for your employees and their children is an ideal way to invest in their human capital (thus fostering a greater degree of love that employees have for the company they work for). Hello. Our employer added money to our workers and separate R1000s that were deposited at the school as part of our agreement when we started working for them, it was deposited separately into my husband`s account. then they „learned“ the scholarship.

They then told him that they wanted to increase the worker`s money and R1000 together to his salary and gave him a raise. And this is called a purse, so it is not able to make a tank. We have three children, and according to the employer, we would have R20,000 per child per year. And in our view, the money we`ve received from the beginning and what they`ve done is like „fraud“ us and the system. We had in mind that it would be an additional amount that would be paid to the school for the scholarship. But that won`t happen. I just need a little clarity about my situation, where my company is ready to fund my child for university studies 2018. The company states that if a child has earned a part-time or full-time salary for that matter, the company does not fund your child at all if they have a full scholarship, but they can only pay for the difference if it is a partial contract. A company can receive interest on the investment if the scholarship does not complete its studies, if it has to repay the investment to Ocmpnay Both the master and his daughter can obtain the scholarship. Mr. A.

owner, but also the staff of the company, wants to grant a scholarship to his daughter – also an employee of the company, but also a part-time student at a university in SA. Mr. A earns less than R600,000 and his daughter a small salary in the company. Can he and his daughter qualify for the tax-exempt scholarship option of R 60,000? Your tuition per year – R 80,000 It is in the best interest of the organization to rethink (or recreate) a scholarship policy that contains elements of the aforementioned discussion. This will pave the way for many of your well-deserved employees (and their children) to access education (which they may never otherwise be able to afford). Check (and modify) in the same way the cost-to-business packages and employment contracts of employees who earn less than R600,000 per year. if, within the limits of your level/grade at work, you are asked to obtain a higher degree and the employer wishes to pay for it. I am still taxed. Remember, I didn`t ask for it, but it`s part of my development. Hello If you are a business owner and have your own business, can you give a scholarship to your own children? Note – If the bona bona interest scholarship is not eligible for a tax exemption, the full amount of the scholarship should be considered a full taxable benefit. .

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