How Sars can help education

While most fringe benefits offered to employees are taxable, there are exemptions in the case of bursaries and scholarships.

- De Wet De Villiers

If your employer offers bursaries or scholarships to employees and their families, a portion of the benefit will not be taxed. This tax benefit does not apply to a bonus awarded on completion of your studies, or to payments to reimburse you for the cost of your studies.

Requirements to qualify

The scholarship or bursary can only be granted for study at a recognised educational institution;