COIDA: Compensation Fund contributions. You might be overpaying!

COIDA
COMPENSATION FUND CONTRIBUTIONS
You might be overpaying

Dear employer

Over the past two years, NEASA and its specialist service provider have helped employers save millions in Compensation Fund contributions. With well over 250 assisted employers to date, we have been successful in identifying savings for businesses of all sizes.

This service is rendered on a pure success-based fee structure (No savings = No fees)

Below is a remarkable case study demonstrating how savings were achieved for an employer:

Company A, a retail business, engaged our services in exploring potential savings. Upon receipt of all relevant information from Company A, NEASA’s service provider was able to discover an oversight: Company A was incorrectly categorised by the Fund and thus were unknowingly overpaying on its Fund contributions.

This misclassification was due to an error on the Fund’s part and had been applied from the company’s inception. Consequently, through this intervention, not only was Company A able to realise an impressive 78% reduction in their annual contributions, but they were also able to successfully reclaim all surplus amounts contributed retrospectively.

To find out whether your business can also save on its Fund contributions, or even recover past overpayments made, click here.

For more information:
NEASA Media Department
media@neasa.co.za