Education costs have become increasingly expensive and burdensome on parents and families.
SARS has introduced a Tax Free Bursary incentive benefit in order to encourage employers to assist employees with their education expense for themselves, all their children and even some of their close relatives.
Stratfin Solutions has created a new and unique programme called Edu-TaxBack, which gives employees this tax-break on their qualifying education expenditure.
Edu-TaxBack is a turnkey solution, which facilitates the implementation, legal and compliance aspects of the legislation. There is Zero-Cost to Employers to implement our solution. There is no additional administration for our client’s and their employees save money as a result.