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New Employee earnings threshold effective from 1 March 2021
- 24 February 2021
- Accounting
- South African Accounting Academy
The previous earnings threshold was a gross income of R205 433.30 a year (or R17 119.44 per month) and has not been increased for the past seven years.
More Employees will now be able to claim overtime work and for work over weekends and public holidays. This increase in the earnings threshold is long overdue and is certainly welcomed by workers who have in the past seven years just missed the earnings threshold, even by a few cents and unfortunately could not claim for overtime work and other protections by employment legislation.
Click here to read the media release.
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