File Return of Earnings with Compensation Fund on your behalf
1. What is a Return Of Earnings (ROE) form?
An employer must submit declaration of annual earnings (salaries paid out during the year) to the Compensation Fund before 30 April each year. Based on this amount and the category your business has been registered with Compensation Fund an assesment will be raised and become payable immediately.
2. How do I submit multiple ROE forms?
If you need to submit more than one years ROE form , each return must be done and paid seperately changing the ROE year to submit on the online form.
3. How will I know what amount needs to be paid to Compensation Fund?
We will send you the asessed amount together with payment details within 48 hours.
FOR ALL THE INFO YOU NEED ON THIS SPECIFIC SERVICE PLEASE CLICK ON THIS "FAQ" BUTTON.
How does this work?
Step 1 - select the year for which outstanding Return of Earnings (ROE) form(s) needs to be submitted. Each year must be done seperately should more than one return be done.
Step 2 - complete the form as accurately as possible, read through the explanations of each section by clicking on the "Important Info" subheading. Contact us should you be unsure of anything.
Step 3 - submit the form and pay our service fee. This fee is payable to us for the service and is not an assessment fee from Compensation Fund.
Step 4 - We will send you an assessment amount with payment details to Compensation Fund (based on the info completed on this return) within 48 working hours.
Once the assesment is paid in full you will be able to apply for a letter of good standing or send the proof of payment to us if you have already applied for a letter of good standing.
Please take note of the maximum salary amount per year per employee/director/member that needs to be declared for each roe year (listed below). E.g. if a employee/director/member earned R500 000 per annum in 2011 year only R277 860 needs to be added to total earnings etc. If a employee/director/member earned less than these maximum fees the obviously the whole amount must be added to annual earnings
2017 R403 500 per person per annum (provisional)
2016: R377 097 per person per annum
2015: R355 752 per person per annum
2014: R332 479 per person per annum
2013: R312 480 per per person annum.
2012: R292 032 per person per annum.
Also take note of the periods making up each ROE year:
2016 provisional : 1 March 2016 - 28 Feb 2017
ROE 2015: 1 March 2015 - 29 Feb 2016.
ROE 2014: 1 March 2014 - 28 Feb 2015
ROE 2013: 1 March 2013 - 28 Feb 2014
ROE 2012: 1 March 2012 -28 Feb 2013
ROE 2011 : 1 March 2011 - 29 Feb 2012
ROE 2010: 1 March 2010 - 28 Feb 2011
ROE 2009: 1 March 2009 -28 Feb 2010
ROE 2008: 1 March 2008 -28 Feb 2009
- ALL FIELDS in the form are COMPULSARY to complete. If there is no amount or not applicable to you please insert a "0" or a "NA".
- "Zero returns" are not permitted and salary amounts must be included in all periods. If you paid no salaries for a specific year please DON'T use this service as it is handled differently and must be taken up with Compensation Fund directly.
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This service has a cost that is dependent on the various items selected. Your price will show here: R 499.00.
Average turnaround time: 2 working days for assesment and 5 working days for letter of good standing
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