The merseta is one of the sector education and training authorities setas established to promote skills development in south africa particularly amongst previously. The entire acca sa team is over the moon to hear that acca sa student, tinashe matambo was awarded a prestigious acca simpson scholarship. Saica encourages national treasury to simplify tax laws on. Do university students have to pay tax on scholarship or bursary money if they are. Merseta bursary 20202021 merseta bursary application forms 2020. The sars 2020 bursary is for engineering, accounting, actuarial science.
Where this is the only assistance for which a student is eligible, the bursary is known as a. The merseta would like to inform stakeholders that all data transmitted. Pity that providing bursaries or sponsoring higher education at university is not deemed a learnership. Merseta will also consider candidates who are currently studying without a bursary and needs financial help to complete their studies if it is in one of their study fields. Merseta bursary merseta is willing to assist candidates to obtain a good education, and work opportunities once they have completed their studies. The mersetas bursary scheme will make it possible for you to gain the skills and grounding needed to make your mark in the manufacturing and engineering. Individuals who begin a postgraduate course in initial teacher training in england and wales are eligible to receive a training. Understanding the taxation of bursaries and scholarships. Section 776 ittoia 2005 teacher training bursaries and grants. Sas manufacturing production remains resilient merseta. Merseta bursary merseta is willing to assist candidates. Merseta is willing to assist candidates to obtain a good education and work opportunities once they have completed their studies. The closing date for applications is the end of june each year for the first semester and end of september of each year for the second semester.
Related services seta for the period 1 april 2016 to 31 march 2017. He was called to the financial office this year and offered a nsfas loan. The mission of merseta is to increase access to high quality and relevant skills development and training opportunities in order to reduce inequalities and unemployment and to promote employability. Bursaries are available to students studying mechatronics. Application forms can be obtained from the bursary department via email. Once you received your application you can complete it and along with the other required documents you can send it to bursaries department, p. The merseta is a part of the sector education and training authorities setas, whose aim it is to encourage skill development in south. Scenario 1 mccarthy motors wants to train 5 students and of the 5 students about 3 are disabled. Those employed by a merseta organisation that contribute towards skills development or a direct family of the employee. He has asked my advice about the tax status of a single additional payment he is receiving in the near future. Merseta bursaries merseta is an organization of the sector education and training authorities to advertisepromote and also, increase skills development of south africa.
Statement of final results for the 2015 academic year or 2016 semester 1 certified id copy not older than 3. Tsg tax specialist group bursaries and scholarships. Especially for those with disadvantaged backgrounds. Coop education and apprenticeship tax credits overview levels 1 and 2 levels 1 and 2 levels 3, 4, 5 newly certi. Merseta is an organization of the sector education and training authorities to advertisepromote and also, increase skills development of south africa. The tax treatment of bursaries and scholarships bursaries is surprisingly complex because it is quite fact specific. By way of background, section 101 q of the income tax act, 1962 the act exempts from taxable. Apply for the merseta bursary today for 2020 funding. Bursary application form 2016 please return this application form to.
Guidelines on the implementation of the sector education and training authorities setas grant regulations in 2012, the directorgeneral appointed a task team to monitor the. The merseta is one of the sector education and training authorities setas established to promote skills development in south africa particularly amongst previously disadvantaged individuals. South african revenue service sars bursary 2020 2021. Ms bursary will be exempt from normal tax under section 101q. Enhance youth development and employability create a pool of talent to feed into the young talent graduate programme create a skills pool for scares and. Magalies water bursary merseta bursary mining qualifications authority mqa. Please note for uk students that tax credits and child benefit are not classified as your income. Johannesburg, tuesday, 12 february 20 as part of its 20 budget wishlist, the south african institute of chartered accountants saica is calling on the national treasury to simplify the complex.
The south african revenue service sars are the tax collection agency of the. The following expenses will be covered by the bursary programme. Who can apply the merseta bursaries may be awarded in the following disciplines offered at universities and universities of technology in south africa. Accounting, bookkeeping, auditing and tax services activities auxiliary to financial intermediation business and management consulting services, and south african revenue services sars and relevant government departments. Find the best information and most relevant links on all topics related tothis domain may be for sale.
The tlab aims to give effect to the various tax proposals announced in the 2016 national budget. Merseta bursary 20202021 online application forms pdfs 2020. Kindly indicate the reason for converting the bursary to a loan. If you want to change your future and have a passion for learning then you should apply for a merseta bursary. At the end of the 12 month placement my company will pay each. Rate of tax 2015 20162017 2018 all taxable income 40% 41% 45% special trusts are taxed at the rates applicable to individuals, but are not entitled to any rebate. Bursary application form year 2016 please attach certified copies of the following. Please submit all bursary application documents as one package by mail or email.