The following is news flash 2024/17 published by the PAGSA on March 27, 2024 regarding COID Earnings Threshold 2024/2025

COMPENSATION FUND: EARNINGS THRESHOLD FOR 2024 – 2025

After many emails and telephone calls, the Compensation Fund has today published the Earnings Threshold for the 2024/2025 year of assessment in Government Gazette No. 50386 dated 27 March 2024.

The two thresholds are:
1. R568 959 for the actual period of 1 March 2023 to 29 February 2024
2. R597 328 for the forecast period of 1 March 2024 to 28 February 2025.

The notice also includes the minimum assessment amounts for:
1. Domestic Employers: R528
2. All other Employers: R1 530

These minimum assessment amounts are effective from 1 March 2024.

Regards,
Rob Cooper