June TERS applications...and all that jazz

Albert Einstein said: "If you can't explain it simply, you don't understand it well enough."

Allow me to refresh your memory on the amended directive in terms of the Covid-19 Temporary Employer/Employee Relief Scheme, in short: TERS.

The directive was amended: 

• To include any worker or employee (as defined in the Unemployment Insurance Act) who should have received benefits, but did not, for reasons like:
  • The employer never registered as an employer for UIF;
  • The employer failed to register the employee as a contributor under their UIF reference number;
  • The employer failed to pay contributions for the employee.
    
    
• Annual leave taken during lockdown:
  If an employee was required to take annual leave, the employer can claim TERS funds, and the employee must then be credited with the proportionate entitlement, in other words, credit the leave back to the employee.
  
  
• Advances on the TERS benefit:
  Employers are urged to pay employees their benefit in advance, and then to offset this advance against the payments received from the fund.
  
  You may ask yourself, how on earth will I know what TERS will pay out for each employee?
  I say, no problem - here is a calculator! Exponential Brilliance TERS Benefit Calculator - please use it to your advantage to plan your cash flow!
  
  
• TERS benefits may be used to "top up" salaries.
  Employees who are being paid a portion of their salaries, may be added to the TERS claim, provided that the sum of the TERS payment and the payment from the employer as top up, do not exceed their normal remuneration.
  
  Contact us if you need a payroll consultation we will be able assist with this.

In conclusion, remember, that a kind gesture can reach a wound that only compassion can heal. (Steve Maraboli)

May God bless South-Africa, and protect her people.