| Great News! The tax incentives for learnerships have been extended for a further 5 years! |
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October 2011
Learners benefit through:
Employers benefit through:
A learnership will ultimately lead to a full qualification registered on the National Qualifications Framework (NQF) and takes form as a formal contract between the employer, learner and training provider. One of the most unique features of learnerships is that it includes both formal learning in the classroom and supervised, structured, experiential learning in the workplace which is normally done over a period of 12 months depending on the qualification. At the end of the learnership there is a formal assessment of the learner’s achievements.
The National Skills Development Handbook 2010/2011, Rainbow SA What you need to know about Learnership Tax Incentives: If your company is facing one of the challenges below we advise you to immediately consider enrolling your staff for a learnership.
Learnership allowance rules for years of assessment ending on or after 01 January 2010 (Section 12H of Income Tax Act).
2 Levels of Learnership Allowances:
Specifications / Stipulations:
SETA Learnership Grants: Employers can apply for learnership grants from the SETA. Certain qualifying criteria apply as it relates to:
Grant amounts need to be confirmed with the SETA. Compuscan Academy offers a range of learnerships that could greatly benefit both your company and your staff. If you are interested in also reaping the many benefits that learnerships hold then consider sending your staff on one of the following:
Please visit our website regularly for updates on learnerships. Should you require more information on our range of learnerships, please do not hesitate to contact us on 021 888 6000 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it .You can also visit our website at www.compuscanacademy.co.za |
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Those of you already reaping the many benefits of learnerships will be even more pleased to hear the latest good news - the deadline for tax incentives has been extended for another 5 years until 1 October 2016. For those of you that do not yet know the fantastic benefits of learnerships read further to see what you are missing out on.