Fasset Supplementary Slides

Fasset Supplementary Slides

February 2011February 2011

To accompany the DVD for the eventAssertiveness in the Workplace

To accompany the DVD for the eventAssertiveness in the Workplace

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Introduction

• These slides act as supplementary information to the Fasset DVD, which is being viewed at your event today

• The information will provide you with more detail or updated information to assist in understanding Fasset grants, benefits and interventions

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Flow of Funds 2010

20%

National Skills FundDepartment of Higher Education & Training

80%

Allocated to relevant Seta

10%70%

Seta Admin

Available for Grants

50% 20%Mandatory Grant 30 June

Strategic Cash Grant 31 March

100% Skills Development Levy (SDL) Paid to SARS

Unclaimed SDL goes into

discretionary projects decided by

the Management Board

1% of Payroll

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Grant Calculation Example

• If annual payroll is e.g. R 2,300,000

• 1% of payroll i.e. the SDL contribution to SARS would be R 23,000

• 50% of this SDL may be claimed as a Mandatory Grant = R11,500

• 20% of this SDL may be claimed as a Strategic Cash Grant = R 4,600

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Additional Benefits

• In addition to the SDL which can be claimed, a number of benefits are available for the Fasset registered member

• The free Fasset benefits and their estimated value is described in the next slide

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Estimation of Benefits Example

Fasset Initiative Estimated Value

Mandatory Grant R 11,500

Strategic Cash Grant R 4,600

Learnership Cash Grant – 3 trainees R 81,000

Lifelong Learning – 12 events R 24,000

Total R 121,1000

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Strategic Cash Grant 2010

• Due 31 March 2011 – expenses to a maximum value of 20% of SDL

• A signed copy must be sent to Fasset to finalise your application

• Form and guidelines may be downloaded at www.fasset.org.za

• 6 areas are supported - Learnerships, bursaries (internal and external), workplace experience, ABET and new venture creation

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Learnership Cash Grant

• This is available to the employer who employs a black (African, Indian, Coloured) and/or a learner with a disability

• Learner must have commenced the learnership in the 2010 calendar year

• Grant must be claimed by 31 March 2011

• Employer must employ fewer than 150 employees

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Learnership Cash Grant Amounts

• For a learnerships of the following duration, these amounts are available:– 12 months R 11,000

– 24 months R 16,000

– 36 months R 27,000

• For a learners with disabilities (any population group):– 12 months R 19,250

– 24 months R 28,000

– 36 months R 47,250

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Learnership Tax Deductions

• Available for all learners, regardless of population group

• Higher group available for learners with a disability

• Substantial positive changes regarding learnership tax allowance

• Increase in allowance for multi-year learnerships

• Annual tax deduction

• Pro-rated for learners who leave

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Learnership Tax Deductions Change to Income Tax Act (2009)

Non-Disabled Disabled

Months Commencement Completion Commencement Completion

12 R30 000 R30 000 R50 000 R50 000

24 R30 000 R30 000 R50 000 R50 000

36 R30 000 R30 000 R50 000 R50 000

R90 000 R90 000 R150 000 R150 000

R180 000 R300 000

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SMME Grant

• Due 31 March 2011

• Based on need to support SMMEs who do not traditionally participate in learnerships

• Amount will be limited to R11,000 per five employees employed in the SMME organisation

• White women acceptable for certain criteria

Size Amount

1 – 5 R 11,000

6 – 10 R 22,000

11 – 15 R 33,000

16 – 20 R 44,000

21 – 25 R 55,000

26 – 30 R 66,000

31 – 35 R 77,000

36 – 40 R 88,000

41 – 45 R 99,000

45 – 49 R 110,000

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Assessor and Moderator Grant

• Reimburse cost of training, provided the assessor or moderator registers against a Fasset qualification

• The assessor requires approval of registration from the relevant professional body

• Due 31 March 2011

• Applicable to all population groups

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Lifelong Learning Programme 2011

Mar 11 Budget and Tax Update

May 11 Role of SDF

May – June 11 Global Economic Trends

July11 Recruitment and Selection

Aug 11 Labour Law Update

Sep 11 Performance Management

Feb 12 Influencing and Negotiating Skills

Mar 12 Budget and Tax Update

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Development Projects

• In order to address the shortage of professionals in the Fasset sector, Fasset funds the training of learners in workplace readiness skills – including both soft skills and technical financial skills

• Learners are black and/or disabled, and once employed by the company may be put forward for a Learnership Cash Grant (LCG)

• Projects where employers could access learners to place on learnerships / internships include:

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Bonani Workplace Readiness

• Offered to Black unemployed finance graduates with B.Comm degrees or National Diplomas

• The project is run in Gauteng, KwaZulu-Natal, and the Western Cape

• It is an intensive 5 month Workplace Readiness Programme (WRP) including training in a ‘virtual office’ environment

• Contact Robbie Knott (011) 466-3312

• www.fasset.org.za for more details

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Pakhamani Workplace Readiness

• Offered to unemployed matriculants or those with incomplete qualifications

• Learners will attain a Accounting Technician Certificate from the AAT

• Candidates receive work-readiness training• The AT learnership is designed to be completed

within a year whilst working and studying• Offered in Gauteng• Contact Robbie Knott (011) 466-3312• www.fasset.org.za for more details

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Thusanani Workplace Readiness

• Offered to Black unemployed graduates in Gauteng with various qualifications

• This is an intensive 3 month Workplace Readiness Programme (theory and practical)

• Learners are placed on learnerships / internships

• Mentorship is offered for at least 6 months after the intervention

• Contact Avril Peddie (011) 678-2144

• www.fasset.org.za for more details

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Thank You

Fasset Call Centre

086 101 0001

www.fasset.org.za