Compensation Fund earnings threshold increase (COIDA)

Compensation Fund earnings threshold increase (COIDA)

Business, Human Resources, WCA

The Department of Labour has published Gazette 50386 on the 27th March 2024 which states the maximum amount on which an assessment of an employee shall be calculated.

With effect from:

  1. 1 March 2023 to 28 February 2024 the threshold is R568 959per annum.
  2. 1 March 2024 to 28 February 2025 the increased threshold is R597 328per annum

On or before the 30th June 2024 you are required to submit the Return of Earnings (ROE) submission to the Department of Labour. This is legislated under the: COMPENSATION FOR OCCUPATIONAL INJURIES AND DISEASES ACT (NO. 30 OF 1993). Each registered business must submit a separate return.

If you have not requested this service from us in the past and require us to complete and submit this return on your behalf before the deadline, please contact us on [email protected]. If we have submitted for you in the past then we will complete your return and send you the figures for checking and confirmation before submission.

To view our fact sheet with pricing please click here – COIDA Fact Sheet

To view the Government Gazette please click here – Compensation Fund Earnings Threshold Gazette