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SETA FUNDING INFORMATION
Should you require further funding information here, or require funding forms, please contact:
Melanie Harvard (Cape Town) (021)
556-5856
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.
Of that 1%:
How do discretionary grants work?
- You are required to have registered a skills development facilitator & submitted a workplace skills plan to qualify (unless you have less than 50 employees).
- 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.
- You are generally required to fill out the Discretionary Grant forms prior to starting the training.
- 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.
- 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.
- 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?
- 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.
- It is money available over and above the maximum 70% you can claim for skills planning and discretionary grants.
- It is often advertised in tenders (Sunday Times or your SETA webpage) or directly to your Skills Development Facilitator.
- Again, it pays to frequently ask your SETA what special funds are available.
Please Note: You will only be able to claim for Discretionary grants if you have:
• Completed a Workplace Skills Plan
• Have a Registered Skills Development Facilitator
• Have submitted an Annual Training (Implementation) Report
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