Results 1 to 4 of 4

Thread: Workmans Comp - I think

  1. #1
    Silver Member
    Join Date
    Sep 2008
    Location
    Cape Town
    Posts
    464
    Thanks
    81
    Thanked 69 Times in 62 Posts

    Workmans Comp - I think

    Just received some forms in the post from the dept. Labour. W.As.8

    Is this for workmans compensation?
    I am in retail - do I still need to fill this out?
    Approx how much will this cost per year on gross salaries of R150,000?

    Cheers

  2. #2
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,980
    Thanks
    3,055
    Thanked 2,463 Times in 2,068 Posts
    Blog Entries
    12
    Yep - that would be Workmans Compensation.

    I doubt the IOD claims rate is very high in retail, so I'd guess expect a bill of around 1-2% of annual payroll. Probably closer to 1% than 2%.
    The trouble with opportunity is it normally comes dressed up as work.

  3. #3
    Silver Member
    Join Date
    Sep 2008
    Location
    Cape Town
    Posts
    464
    Thanks
    81
    Thanked 69 Times in 62 Posts
    Cheers for that Dave. Just another tax - but I guess this one makes a certain amount of sense - if they actually do pay out.

  4. #4
    Site Caretaker Dave A's Avatar
    Join Date
    May 2006
    Location
    Durban, South Africa
    Posts
    20,980
    Thanks
    3,055
    Thanked 2,463 Times in 2,068 Posts
    Blog Entries
    12
    Quote Originally Posted by Pap_sak View Post
    if they actually do pay out.
    The claims process is a bit cumbersome and I'm sure payment isn't immediate, but an IOD on Workmens Compensation injury gets an admission to pretty decent hospitals without a problem - so it must be good enough to keep the hospitals happy.
    The trouble with opportunity is it normally comes dressed up as work.

Similar Threads

  1. Workmens Compensation Returns
    By Yvonne in forum General Regulatory Compliance Forum
    Replies: 18
    Last Post: 23-May-13, 11:35 AM
  2. Workmans Compensation Earnings return form
    By Dave A in forum General Regulatory Compliance Forum
    Replies: 38
    Last Post: 10-May-12, 05:45 AM

Did you like this article? Share it with your favourite social network.

Did you like this article? Share it with your favourite social network.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •