FASSET: Mandatory Grants for 2026/2027

---

FASSET: Mandatory Grants for 2026/2027

• 06 February 2026
• Miscellaneous
• South African Accounting Academy

Summary:
FASSET has invited WSP/ATR (Workplace Skills Plan/Annual Training Report) submissions for Mandatory Grants for the 2026/2027 financial year from qualifying levy-paying employers within the Financial and Accounting Services Sector – by 30 April 2026.

Article:

The FASSET Mandatory Grant allows registered employers to claim back 20% of their total Skills Development Levy (SDL) contributions annually.

This is done by submitting an approved Workplace Skills Plan (WSP) and Annual Training Report (ATR) by April 30th. This financial incentive supports training initiatives, encourages a culture of lifelong learning, and is a mandatory prerequisite for accessing FASSET's additional, higher-value discretionary grants. 

The Workplace Skills Plan (WSP) outlines your company’s training initiatives for the upcoming year, while the Annual Training Report (ATR) provides a record of training that was completed in the past year. 

In line with the Skills Development Act and the Grant Regulations (Government Gazette No. 35940 of 3 December 2012), all Mandatory Grant applications must be completed using the prescribed templates and submitted via email.

Method of Submission

All submissions must be made on Odoo (FASSET’s official, web-based portal) or emailed to: mandatorygrant@fasset.org.za  

Submission Deadline

All applications must be submitted by 30 April 2026 at 23:59 (midnight). Late submissions will not be accepted.

Templates and System Manuals

The following relevant WSP/ATR templates and system manuals are available on the FASSET website (click on the link at the bottom of this Alert to access):

Contents:

1. 2026-2027 mandatory grant requirements
2. Authorization Form-FY2026-27
3. Declaration of Training Spend FY2025
4. FAQs WSPATR
5. FASSET Actual_ATR_Template_v7.1
6. FASSET Planned_WSP_Template_v7.1
7. FASSET WSP-ATR Compliance Checklist
8. Guidelines for the Establishment of the Training Committee

Capacitation sessions will be hosted every Friday until the day of deadline. 

• Sessions will take place from 09H30 (AM) - 11H30 (AM) using the same Teams session link: Click  on https://lzsy5.r.ag.d.sendibm3.com/mk/cl/f/sh/1t6Af4OiGsE8LW3Us5nPV2EWZfbzkH/qTBaLvb0JuET to join (Meeting ID: 318 536 933 203 29 Passcode: Lb9r9to9)

Mandatory Grant Payments

• Compliant WSP/ATR submissions will be assessed and approved within 90 days from the submission deadline.
• Approved Mandatory Grants will be paid quarterly, calculated at 20% of the levies paid during the applicable financial period.

Non-Compliance

• Incomplete or non-compliant submissions may be rejected, and no Mandatory Grant will be paid.

All unclaimed Mandatory Grants will be transferred to the Discretionary Grant reserve, in accordance with the Grant Regulations.

For further assistance regarding the completion of templates, please contact: fassetcallcentre@fasset.org.za mandatorygrant@fasset.org.za 

Click here to download the 8 documents (listed above) relating to the Mandatory Grants:

https://cms-api.fasset.org.za/api/dev/cse/downloadDocument?fileName=7d395503-feba-4202-aeb1-37b47e953bc2.zip 

Relevance to Auditors, Independent Reviewers & Accountants:

• The Skills Development Levies Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with.  If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
• All companies who are registered under FASSET and pay salaries of more than R500,000 per year should be registered to pay Skills Development Levies (SDL). Companies can then submit WSPs and ATRs.
• In addition to the Mandatory Grants, FASSET have Discretionary Grants, with benefits available to FASSET levy-paying and non- levy paying employers

Relevance to Your clients:

• All companies who are registered under FASSET and pay salaries of more than R500,000 per year should be registered to pay Skills Development Levies (SDL). Companies can then submit WSPs and ATRs.
• In addition to the Mandatory Grants, FASSET have Discretionary Grants, with benefits available to FASSET levy-paying and non- levy paying employers

0 COMMENTS

LEAVE A COMMENT