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Paying and claiming your levy
By Melanie Harvard
All companies who employ staff have to pay 1% of their
wage bill to SARS. From August 1 2005, companies with an annual
wage bill of less than R500 000 will be exempt from this levy
How
do discretionary grants work?
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You are
required to have registered a skills development facilitator
& submitted a workplace skills plan to qualify (unless you
have less than 50 employees).
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You usually
need to fill in the discretionary grant form with your
workplace skills plan and report and submit it at the same
time. Some SETAs will also allow you to apply at other times
of the year.
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You are
generally required to fill out the Discretionary Grant forms
prior to starting the training.
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The SETA
will not commit to any specific amount. The funding amount is
at their discretion and depends on what monies they have
available for that skills year. You normally submit for your
training costs, and they will advise final amounts.
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Discretionary
grants are over and above your 50% skills rebate. They can be
up to a further 20% of your skills levy, or more, depending on
the SETA's available funds.
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KEEP IN TOUCH
with your SETA. Projects
and funding vary from month to month and there may be new
things on offer.
How
does Special Funding work?
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Special
Funding is money applied for by your SETA from the National
Skills Fund (NSF). It is for specific special projects, such
as learnerships, ABET training, HIV training and other
specific training needs identified in your sector by your
SETA.
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It is money
available over and above the maximum 70% you can claim for
skills planning and discretionary grants.
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It is often
advertised in tenders (Sunday Times or your SETA web page) or
directly to your Skills Development Facilitator.
Again,
it pays to frequently ask your SETA what special funds are
available
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