TERS Extended 6 More Weeks
The Covid-19 Temporary Employee Relief Scheme (TERS) benefit has been extended till 15th August 2020
In some good news to employers and employees, Government has announced that they are extending the TERS support by another 6 weeks. Claims will be able to be made until 15th August 2020. Initially, the benefit was set to run during April, May and June 2020.
‘Government has announced that they are extending the TERS support by another 6 weeks’
The relief scheme offers payment assistance of between 38 – 60% of workers wages; with a minimum of R3500 and maximum of R6730 paid each month to those who claim. Workers who were put on leave, have temporarily been laid off, or whose employers just can’t afford to pay their full salaries due to Covid-19 and the national lockdown have been able to make a claim against the scheme.
Recently, additional security measures were put in place to combat fraudulent claims against the scheme which lead to a number of delays. UIF has however once again begun to make distributions.
‘Around R30 Billion has already been distributed through the relief scheme’
Around R30 Billion has already been distributed through the relief scheme to around 6.8 million workers since April 2020. It is said that the UIF has another R10 billion available to use over the next 6 weeks.
Claim Now or Miss Out
It seems now that the time to claim for the months of April, May and June will soon be coming to a close (as of the end of July). However, even if those months are closed off, claims for the month of July and the first half of August will be possible.