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Get Compliant from Anywhere, Easy and Fast!
0800 007 269 (Toll Free)

Get Compliant from Anywhere, Easy and Fast!

0800 007 269 (Toll Free)
Get Compliant from Anywhere, Easy and Fast!

Table of Contents

  • Business Tools and Resources, Employer Obligations

Free COIDA Return of Earnings Calculator for South African Businesses

The COIDA Return of Earnings Calculator for South African businesses to determine their estimated ROE fees.

Introducing our innovative COIDA Return of Earnings Calculator, designed to streamline the assessment fee calculation process for South African businesses. The Free Coida Payment Calculator determines the estimated Assessment Fee / Return of Earnings which your business will need to pay to the Compensation Fund. It takes less than 5 minutes to complete. Test the Calculator now OR learn more about how it works.

Calculate my COIDA Fees
How it Works

COIDA compliance with Ease

This coida payment calculator is your go-to tool for estimating your COIDA ROE compliance costs based on your payroll and industry details.

Experience the ease of use, precision, and quick results, freeing you from the complexities of manual calculations.

With our ROE Calculator, ensure accurate compliance, avoid potential penalties, and save valuable time, allowing you to focus more on the growth and well-being of your workforce.

At the time of updating this blog post, the coida payment calculator has been used a total of 983 times.

In first place, Companies in the Construction Industry made 318 submissions. The Professional Services industry came second with 187 submissions.

We will delve into the data down below.

The Importance of COIDA Compliance

All businesses must pay an annual COIDA assessment fee based on their payroll (normally referred to as your Return of Earnings). Non-compliance can lead to penalties in that they issue fines (10% on top of the assessment fee) if you file your Return of Earnings after the due date.

If your business regularly applies for Tenders and Contracts non-compliance will negatively impact your chances of being awarded the tender / contract.

Non-Compliance will mean you won’t be able to acquire your Letter of Good Standing.

Practically this means, that if you were on the construction site when then this happens, the Principal contractor will take full responsibility for your non compliance as set out in Section 89 of the Compensation for Occupational Injuries and Diseases Act.

ROE Calculator Example

Accurate calculation of these fees is therefore essential to maintain business integrity and compliance. Many people make the mistake of over- or under-estimating their ROE fees, thus the Return of Earnings Calculator was created.

Our coida payment calculator has been updated with the Assessment Tariffs provided by the Department of Labour for the year of 2025. This allows for a more accurate calculation of your coida calculation.

We have already received positive news from our customers who made use of the updated coida payment calculator. Nevanka from DKN Transport used our calculator and compared it with her accountants coida calculation. She shared with our team that the calculations were spot on!

Use the ROE Calculator to calculate your COID Assessment fees in South Africa today.

The ROE Calculator provides an estimate of your minimum Assessment fee with COIDA.

Introducing the Free COIDA Assessment Fee Calculator

Simplify Your COIDA Assessment Fee Calculations! We’re excited to offer a free, user-friendly calculator designed to help businesses quickly and accurately estimate their COIDA assessment fees. Benefits of using this tool include:

  • No cost: Absolutely free for all users.
  • User-friendly interface: Easy to navigate and use.
  • Accurate estimates: Adheres to the Department of Labour guidelines.

How the ROE Calculator Works

The calculator simplifies the process of estimating your annual COIDA fees (Assessment Fees).

Users need to input their industry type and estimated annual payroll, and the tool efficiently calculates the estimated necessary fees, streamlining the compliance process.

Our Teams get asked all the time “What exactly is the assessment fee?”

Well, according to Section 83 of the Compensation for Occupational Injuries and Diseases Act. It is the payment your company makes every year to the fund.

This basically means you have paid your “insurance” for the year to cover injured employees at work. The Act ensures a minimum assessment fee to cover administrative costs, guaranteeing that no business pays less than the minimum required amount. These assessments are crucial for maintaining compliance and protecting your workforce as it covers the payment of claims made against the fund.

The next question we get after what is the assessment fee is for, is “what is my assessment fee?” and “How will be determined?”

In short it is determined by the calculation mentioned below and the main function of the calculator. Each business falls into a specific category such as Construction or Medical etc. Then each of these categories are further broken down into subclasses with specific explanations.

This classification system determines contributions to the Compensation Fund based on the nature and associated risks of your business activities.

COIDA Calculation Formula

For businesses, accurately estimating the COIDA assessment fee is crucial for budgeting and compliance. The correct formula to calculate this fee is:

Assessment Fee= (Estimated Annual Payroll100) × Assessment Tariff Rate

Example Calculation with Minimum Fee Consideration

If a company in a sector classified at a 0.75% assessment tariff rate has an estimated annual payroll of R2,000,000, the calculation would be:

Assessment Fee = (R2,000,000/100) ×0.75= R15,000

Visit the Department of Labour to access the full Assessment Tariff Rate.

Don’t forget to claim your Free Consultation with a COIDA Expert Today!

Claim Your FREE Consultation now!

COIDA ROE Calculator Data

We mentioned above that over 900 companies made use of our COIDA Payment Calculator to determine their coida calculation.

The chart below shows the main industries which found value in using the Calculator.

NB: The calculator was used by Companies to test out different coida calculations, so take all the statistics with a bit of salt.

The COIDA payment calculator was used the most by Construction Companies in SA with 318 uses.
Chart showing the use of the COIDA Payment Calculator by South African Companies.

In Summary:

Most frequent used industries and outcomes from the calculator
Industry Avg. Total Pay Avg. Assessment fee
Construction R977,645.00 R17,705.00
Professional Services R2,373,687.00 R8,536.00
Agriculture R982,560.00 R12,139.00
Trade and Commerce R3,018,143.00 R16,759.00

The industry which used the calculator the most was the Building & Construction Industry with 318 submissions to calculate their COIDA Assessment fees.

What needs to be remembered that this is very “high level” information, and the industry does not accurately reflect exactly what the Company does.

Each Industry has various subclasses, which provides more insight into exactly what their operations entail. Below we break down the Sub Classes which fall under the Building and Construction Industry.

IndustrySubclass CodeDescription
Building Construction, etc.500General Building Operations: Includes all building activities like demolition, painting, plastering, tombstone erection, and swimming pool construction and maintenance. Electrical contracting included. Special rating may apply for buildings over two storeys or structures over 12m in height.
 501Specialized Installation and Services: Covers composition floor installation, wooden floor surfacing, ceiling erection, gas fitting, plumbing, sports ground construction, and more. Also includes window cleaning, sign erection, swimming pool maintenance, and anti-soil erosion work.
 502Tunneling and Drilling Operations: Involves tunneling, rock drilling, and blasting related to structures or waterworks, sanitary engineering, and well sinking. Applicable if these are primary business activities.
 505Water Boring and Drilling: Covers water boring and other unspecified drilling activities.
 512Civil Engineering Operations: Includes earth moving, road making, irrigation construction, sanitary engineering, bridge building, railway construction, and more. Asphalting related to road making falls under this class.
 521Irrigation and Water Works Maintenance: Pertains to the maintenance and operation of irrigation and water works not otherwise classified.
 530Steel Structures and Industrial Plants: Erection and dismantling of steel structures, industrial plants, and scaffolds. Also includes alteration, repair, or demolition of tall structures (over 12m) as a business.
 531Installation and Maintenance Services: Covers installation, repair, and maintenance of lifts, heating, ventilation, refrigeration systems, as well as windmill and fence erection as separate businesses.
 532Steel Reinforcing Operations: Specialized in steel reinforcing activities.

The industry which came into second place (if we ignore “Other”), for using the calculator the was the Professional Services Industry with 119.

Once again, this is the “high level” industry which doesn’t reflect the specific industry.

Professional Services entail:

IndustrySubclass CodeDescription
Professional Services, etc.2200Scientific and Technical Services: Encompasses businesses such as analysts, assayers, analytical chemists, architects, surveyors, geologists, consulting engineers, court messengers, and observatory operators.
 2210Legal and Financial Services: Includes businesses of accountants, auditors, advocates, attorneys, conveyancers, notaries, law agents, and quantity surveyors. Covers editing and journalistic work (excluding printing and publishing), press agencies, and separate typing businesses. Also includes any other professions not specifically categorized.

In Third place was  Trade and Commerce with 54 submissions.

Trade and Commerce is quite broad as you can see in the below table:

 

Industry

Subclass Code

Description

Trade, Commerce, etc.

1511

General Wholesale/Retail Trade: Includes wholesale or retail liquor dealers, grocers, confectioners without baking operations, sandwich suppliers, market agents, butter or egg merchants, fish, poultry, game dealers, and more. Covers agricultural co-operative activities, greengrocers, florists, seed merchants, and cold drink distributors as separate businesses.

 

1520

Apparel and Accessories Trade: Encompasses wholesale and/or retail businesses of tailors, outfitters, drapers, furriers, milliners, and boot and shoe shops.

 

1532

Electronics and Instrument Trade: Deals with musical instruments, computers, household electrical appliances, and video/TV equipment. Includes installation, assembling, and repairing of these items, as well as electric clock erection and armature winding as separate businesses.

 

1540

Specialized Retail Trade: Covers a wide range of businesses including curio shops, antique dealers, sports goods, bottle and bag merchants, leather and fabric dealers, departmental stores, and more. Also includes agricultural machinery dealers, hardware merchants, and furniture dealers without woodworking operations.

Lastly,  we have the Agriculture Industry with a total of 54 submissions.

It was expected to have a higher submission rate by the Agriculture industry due to importance of the industry in SouthA Africa’s employment.

IndustrySubclass CodeDescription
Agriculture, Forestry, etc.111General Farming Operations: Includes any farming activities not specifically categorized under other subclasses. Examples: oyster cultivation, sheep shearing, dipping contractors, and agricultural shows.
 114Forestry and Crop Farming: Engaged mainly in forestry, horticulture, or crop farming (excluding sugar cane and tea). Operations include grass cutting, baling, orchard cultivation, and ploughing. Use of tractors and power-driven saws is common.
 116Mixed Farming: Combines livestock farming and crop tillage equally. Involves the use of tractors and power-driven saws.
 118Sugar Cane and Tea Farming: Primarily focused on growing sugar cane and tea, including sugar milling activities like cutting, loading, and weighing.

Act now!

Use our ROE calculator and secure your business's COIDA compliance with ease.
Calculate My Return Of Earnings

Minimum COIDA Assessment Fee

It’s essential for businesses to be aware that COIDA stipulates a minimum assessment fee of R1530 (at the time of writing).

This means that should you have estimated Assessment fee of R1530 and less you will pay a minimum of R1530. This ensures that all businesses contribute a baseline amount towards the Compensation Fund, which helps in handling claims efficiently and supports the overall sustainability of the worker’s compensation system.

Expert Consultation for Accurate COIDA Fee Assessment

To further support South African businesses in complying with COIDA regulations and accurately determining their assessment fees, Company Partners is pleased to offer a complimentary consultation service. This service is designed to provide personalised assistance to ensure that your COIDA Registration and assessment fee calculations are precise and tailored to your specific business needs.

How Our Expert Consultation Works:

  1. Personalised Attention: Speak directly with a Company Partners compliance expert who understands the nuances of COIDA regulations.
  2. Accurate Quote Generation: Our experts will help you calculate your exact COIDA assessment fee, considering all relevant factors such as your industry classification and payroll specifics.
  3. Guidance and Support: Besides calculation assistance, receive professional advice on how to manage your COIDA compliance efficiently to avoid penalties and ensure coverage.

Benefits of the Free ROE Consultation:

  1. Cost Savings: Avoid overpayments and ensure you are not underpaying, which could lead to fines.
  2. Compliance Assurance: Ensure that your business meets all regulatory requirements, safeguarding against potential legal issues.
  3. Expert Insights: Gain insights into best practices for managing workplace compliance and insurance.
expert tip

You can also view our detailed Video on how to complete your COID and ROE documents on your own:

Conclusion

Don’t miss out on this opportunity for a free, expert consultation that could save you time and money while simplifying your COIDA compliance process. Contact Company Partners today to schedule your session and secure peace of mind about your COIDA assessment fees.

By leveraging expert guidance, businesses can not only ensure accuracy in their COIDA fee calculations but also enhance their overall compliance strategy, contributing to a safer and more secure working environment.

Staying compliant with COIDA is essential for any business. Our calculator not only aids in achieving compliance but does so effortlessly. Don’t miss out on this essential tool—try it now and ensure your business stays on track with minimal fuss.

We recently launched our second tool for businesses in South Africa to assist with their compliance. We are happy to announce the SmartTax Tool which provides a quick and simple method to determine if you have any tax savings.

Speak to one of our consultants for free to find out more on how to utilise this tool!

Contact us today!

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