Some provisions of the Basic Conditions of Employment Act are not applicable to Employees who earn above the earnings threshold set by die Minister of Labour (currently R205 433.30 per year).
But exactly how is this amount calculated and what is included and what is excluded?
- The amount is before any deductions such as income tax, UIF, medical aid or pension / provident fund contributions .
- Subsistence allowances and travel allowances are NOT included in the amount
- Achievement awards or once off performance payments and bonuses are NOT included.
- Payment for overtime is NOT included.
[…] How to calculate the Earnings Threshold: HERE […]
[…] How to Calculate the Earnings Threshold: HERE […]
PLEASE NOTE: The new earnings threshold as of 2021: https://fourieemploymentrelations.com/2021/10/14/new-earnings-threshold-2021/