COIDA | Compensation Fund Contributions: You can possibly save on your annual contributions!

COIDA

COMPENSATION FUND CONTRIBUTIONS

YOU CAN POSSIBLY SAVE ON YOUR ANNUAL CONTRIBUTIONS!

Dear employer

NEASA and its specialist service provider have helped employers save millions in Compensation Fund contributions. With well over 400 assisted employers to date, we have been successful in identifying savings for businesses of all sizes.

This service is rendered on a success-based fee structure - no saving = no fee.

• Many companies, due to being incorrectly categorised by the Compensation Fund, unknowingly overpay on their Fund contributions.

• NEASA’s service provider is able to identify these oversights and assist companies to review and restructure their COID setups, in order to realise possible savings.

• Where savings can be achieved, NEASA’s service provider can intervene and assist the company in obtaining these savings (in a particular case, 78% reduction in annual contributions was achieved) and to successfully reclaim all surplus amounts contributed, retrospectively.

  
  

For certain businesses, these savings equate to millions of Rands a year.

To find out whether your business can also save on its Fund contributions, or even recover past overpayments, send an email to coid@neasa.co.za.

For more information

NEASA Media Department

media@neasa.co.za

NEASA champions the employer's cause