Skills Development levies
Skills Development levies are paid by every company with an annual payroll of R500 000 or more. If your company falls in this category, you pay 1% of your annual payroll towards Skills Development levies. The levies are collected by SARS and paid over to the relevant Sector Education and Training Authority (SETA). The core business of your company determines your SETA.
How can you get your money back?
First, you can claim a mandatory grant of up to 20% of the levies you paid. Second, you can apply for additional discretionary grants for:
- Adult Education and Training
- Learnerships, bursaries and internships
- Training coupons
- Work experience programmes
- Graduate experience programmes
- PIVOTAL grants
Unfortunately, dealing with the SETAs can be a tedious and frustrating process. That’s where we come in.
What needs to be submitted?
By 30 April each year, the following must be completed and submitted to your SETA:
- Workplace and PIVOTAL Skills Plans
- Annual Training and PIVOTAL Training Reports
- A Skills Development Facilitator registered with the relevant SETA
- Submission of authorisations
What XSEVEN offers you
We fulfil these SETA requirements for the current financial year, including all correspondence with the SETA, to ensure you receive the highest possible amount. We help you with:
- Developing your Workplace and PIVOTAL Skills Plans and Annual Training and PIVOTAL Training Reports
- Evaluating your training needs
- Finding suitable training providers for all your training needs
What will it cost you?
Payroll above R7.5 million
28%
of the payment your company receives from the SETA. We only invoice once you have been paid, so there is no cost to you before the process is successfully completed.
Payroll below R7.5 million
R3 500
fixed fee, payable on completion of the submission.