Return of Earnings Annual Limit Increase
The OID earnings threshold has increased for 2024/2025 and 2025/2026, effective from 1 March 2025. Read more in our blog.
Posts with Tag "payrollsolutions"
Important Industry Updates
There have been a few recent regulatory updates to be aware of. Read more in our blog.
Spreading the Tax on a Bonus Over the Year
This is a new feature that allows the tax on a future-dated bonus to be spread over the payslips leading up to the bonus, or over the remainder of the tax year. Read more in our blog.
National Budget Speech 2025
On 12 March 2025, the National Treasury presented South Africa’s 2025 Budget Speech. There have been no changes made to personal income tax tables, rebates, or thresholds.
Update: Delayed Budget Speech – Impact on Your Payroll
In preparation for the delayed Budget Speech on 12 March 2025, we’ve prepared this update on what to expect and what to do regarding your March 2025 payslips.
National Budget Speech 2025 Delayed
An important development for payroll in South Africa is that the tabling of the 2025 Budget Speech has been postponed to 12 March 2025.
Official Interest Rate Change for Employer Loans - January 2025
The repo rate has been reduced by another 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 February 2025.
Recent Feature Recap
We’re kicking off 2025 with a look back at some smaller features that were introduced and enhancements that were made over the last few months. Read more about these in our blog.
Card Payments Now Available
You can now pay your subscription using your debit or credit card. Please read our blog for more information.
Official Interest Rate Change for Employer Loans - November 2024
The repo rate has been reduced by 25 basis points. This will affect the interest rate applicable to our Employer Loan item on payslips from 1 December 2024.
Introducing the Getting Started Checklist
Our new Getting Started Checklist is here to streamline the process of getting set up on SimplePay. Read more about this exciting feature in our blog.
Effortless UIF Submissions Despite Online Portal Disruptions
With UIF down, SimplePay customers are still able to submit declarations seamlessly. Learn more in our latest blog post.