NEASA and its specialist service provider have helped employers save millions in Compensation Fund contributions.

With well over 400 assisted employers to date, we have been successful in identifying savings for businesses of all sizes.

This service is rendered on a success-based fee structure - no saving = no fee.

• Many companies, due to being incorrectly categorised by the Compensation Fund, unknowingly overpay on their Fund contributions.
• NEASA’s service provider is able to identify these oversights and assist companies to review and restructure their COID setups, in order to realise possible savings.
• Where savings can be achieved, NEASA’s service provider can intervene and assist the company in obtaining these savings (in a particular case, 78% reduction in annual contributions was achieved) and to successfully reclaim all surplus amounts contributed, retrospectively.

For certain businesses, these savings equate to millions of Rands a year.