On 17 February 2023 Government Gazette No. 48065 was published, indicating the OID earnings threshold for March 2023 to February 2024 (2023 year of assessment) as R563 520.
However, on 10 March 2023, a different earnings limit (R568 959) was published in Government Gazette No. 48187. The PAGSA (Payroll Authors Group of SA) requested clarity, from the Fund and the Department of Employment and Labour regarding this.
Although it is still uncertain why two different limits were published, it has now been confirmed that the earnings threshold specified in Gazette No. 48187 is the correct one and must be used for 2023/2024. Therefore, the OID earnings limit for 2023/24 is R568 959 and not R563 520 as previously communicated.
How do I change my OID limit on my payroll system?
- From the Main Menu
- Click on Company
- Select Basic Company Information
- Click in the OID Annual limit field
- Adjust the limit to R568 959
The limit is applied to the PDF Details and Summary Reports as well as to the W.As.8 Excel Report.
The OID Report (Real Number 502) is found on the Reports and Maintenance Menu as well as under Main Menu > Utilities > RSA Submissions > OID Report.
Note: The OID Annual limit is applicable for the 2023/2024 OID reporting year.