Mandatory Grant Payments
Mandatory Grants are paid on a quarterly basis. Depending on when during the year the application is approved, an employer will receive between one (1) to four (4) mandatory grant payments. Mandatory Grant payments are calculated as 20% of total levies received from SARS from 1 April 2019 to 31 March 2020.
2019-2020 Payment dates:
The prospective dates for Mandatory Grant payments for 2019-2020 are
- End of September 2019
- Middle of December 2019
- End of March 2020
- End of June 2020
Take note that these dates may change
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*
Scheduled
Payment Month
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**
Last Approval Date:
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*Estimated Levy
Months To be paid
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1st Grant Payment
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September 2019
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End of August 2019
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Apr, May & Jun 2019
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2nd Grant Payment
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December 2019
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End of November 2019
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Jul, Aug & Sep 2019
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3rd Grant Payment
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March 2020
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End of February 2020
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Oct, Nov & Dec 2019
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4th Grant Payment
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June 2020
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End of May 2020
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Jan, Feb & Mar 2020
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* Please take note that dates of payments and the levy months to be paid are only estimates.
** Please take note that the Grant Payment process takes a full month to complete thus the reason we have final approval dates before we start with the actual payment process.
Clarification regarding Quarterly Payments:
If your application is approved by end of August 2019, you will receive 4 (four) Grant Payments for the year. Your first payment will be end of September 2018. This means you will receive levies from April 2019 to June 2019 on your first payment. Your second payment will be middle December 2019 (as per table above), your third payment will be end of March 2019 (as per table above) and your fourth payment will be end of June 2020 (as per table above)
If your application is approved by end of November 2019, you will receive 3 (three) Grant Payments for the year. Your first payment will be middle December 2019. This means you will receive levies from April 2019 to September 2019 all at once. Your second payment will be end of March 2020 (as per table above) and your third payment will be end June 2020 (as per table above)
If your application is only approved by end of February 2020 you will receive 2 (two) Grant Payments for the year. Your first payment will be end of March 2020. This means you will receive levies from April 2019 to December 2019 all at once. Your second payment will then be end of June 2020 (as per table above)
If your application is only approved by end of May 2020 you will only receive 1 (one) payment for the year. Your first and only payment will be end of June 2020. This means you will receive all levies from April 2019 to March 2020 all at once.
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IMPORTANT: Payments Notification:
AgriSETA DOES NOT send any remittances or breakdowns of payment to the Employer or SDF. AgriSETA will send a Grant Payment Letter to the registered SDF of the relevant organization via Indicium. This automatic system generated letter will include the amount paid, date paid and relevant scheme year. A copy of these letters will be available on the relevant employers file on Indicium under the section ‘Client Relationship Management”. It is the SDFs responsibility to inform the Employer of the Grant Payments and any other relevant information.
The grant paid letters will only be sent once the information has been verified by the relevant banks, audited by our auditors and uploaded by Solugrowth onto Indicium. This will be approximately five (5) working days after the actual payment.