COIDA Notice of Assessment: How to Read It, Pay It or Object

How the Amount on Your Notice Is Calculated

The formula is simple: (total assessable earnings / 100) x your industry tariff. Earnings per employee are capped (R633,168 for the 2025/2026 actual period and R668,000 for 2026/2027 provisional earnings – see our earnings cap guide). Your tariff depends on your industry class, from roughly 0.19 per R100 for low-risk professional work to 3.34 or more per R100 for high-risk classes.

If you did not submit an ROE, the Fund may raise an estimated assessment under section 83(6)(a) – almost always higher than your true liability – plus a 10% penalty.

The 30-Day Payment Rule

Payment is due within 30 days of the Notice of Assessment date. Miss it and interest accrues at the prevailing rate, and your account shows as unpaid – which blocks your Letter of Good Standing.

Banking details changed: since August 2025 the Compensation Fund banks with Nedbank (previously ABSA). Always confirm the banking details printed on your own Notice of Assessment and use your CF contract account number (starting with 99) as the payment reference, or your payment cannot be allocated.

Paying in Instalments

Cash-flow tight? The Fund allows instalment arrangements if you pay at least 20% of the assessment upfront. While your instalments are up to date you receive a monthly Letter of Good Standing rather than an annual one – renewable each month you pay. See the full breakdown in our assessment instalment plan guide.

How to Object or Request a Revision

Think the amount is wrong – wrong tariff class, wrong earnings, or employees who left before the period? You may apply for a revision of assessment within 30 calendar days of the invoice date, in writing, with your payroll records as evidence. Full walkthrough: how to object to a COIDA assessment.

Mining and Metals Employers

If your business is administered by Rand Mutual Assurance (Class IV mining or Class XIII iron, steel and metals), your assessment invoice comes from RMA, not the Compensation Fund – but the same payment discipline and objection principles apply. Read our Rand Mutual Assurance guide.

Frequently Asked Questions

How long do I have to pay a COIDA Notice of Assessment?

30 days from the invoice date. After that, interest accrues and your Letter of Good Standing is blocked until the account is settled or an instalment plan is in place.

Can I pay my COIDA assessment in instalments?

Yes. Pay at least 20% upfront and arrange instalments with the Fund. You will receive a monthly Letter of Good Standing while instalments are current.

How do I dispute a COIDA assessment?

Apply for a revision of assessment within 30 calendar days of the invoice date, in writing, with supporting payroll records. Our objection guide covers the full process.

Which bank account do I pay into?

Since August 2025 the Compensation Fund banks with Nedbank (previously ABSA). Always use the banking details on your own Notice of Assessment and your CF number (starting with 99) as reference.

I never submitted an ROE but received an assessment. Why?

That is an estimated assessment under section 83(6)(a) of COIDA, usually based on an inflated earnings estimate plus a 10% penalty. Submit your ROE and request a revision immediately.

Related COIDA Guides

• Object to a COIDA Assessment
• Assessment Instalment Plan
• Assessment Fee Calculator
• ROE Penalties and Interest
• Letter of Good Standing
• Rand Mutual Assurance Guide

Official Resources

• CFOnline – view and pay assessments
• ROE Online portal
• Department of Employment and Labour
• COIDA Act 130 of 1993 (full text, gov.za)

Last reviewed: 1 September 2026 against Department of Employment and Labour and Compensation Fund sources. COIDASA is a division of AdminBoss – South African employer compliance specialists.