Attendees will learn about the detailed exemption requirements for bursaries, including what qualifies as a bona fide bursary and the definition of recognised educational or research institutions. The course addresses specific tax considerations when bursaries are granted to employees or their relatives, and provides a brief overview of learnership allowances. It also examines the tax implications of related employer-provided benefits such as rewards for completion, reimbursement of study expenses, and assumption of study loan obligations, with an emphasis on correct PAYE treatment.

Key Topics Covered:

• The detailed exemption requirements for bursaries granted

• What constitutes a bona fide bursary

• What constitutes a recognised educational or research institution

• Specific considerations when granting a bursary to an employee

• Specific considerations when granting a bursary to a relative of an employee

• Brief overview of learnership allowances

• Tax treatment of other related items:

• Rewarding an employee for completion
• Reimbursing study expenses
• Taking over responsibility for a study loan
• PAYE considerations

• Tax professionals

• Payroll administrators

• HR practitioners

• Finance managers