Page 8 - PowerPoint Presentation

Bursaries and Scholarships

• Scholarships awarded to anyone applying for them not confined to

employees or relatives of the employees are exempt.

• Scholarship to employees and relatives of the employees are also

exempt when the following conditions are met:

• Employees to employer=the employee must agree to pay the

employer back if she or he fails to complete his or her studies unless

the failure is due to death or illness.

• Employers to relatives of the employees=if the employees salary

exceed 250 000 the employee will not get an exemption and if the

employees salary is 250 000 or less two exemptions will apply:1)10

000 if the qualification is for level from NQF 1 to 4 and 2)30 000 if the

qualification is for a level from 5 – 10.
8