The South African Social Security Agency (SASSA) is an organization that started in 2005. Its job is to help people in South Africa who need extra support. This includes older people, people with disabilities, and children. SASSA gives money to people over 60 who don’t have enough money to live on. They also give money to help support children and people with disabilities. But sometimes, people stop getting this money if they don’t follow the rules. SASSA has also recently decided to give more money for these supports.
SASSA Pension 2024
If you get money from SASSA in South Africa, there are some rules you need to follow. If you don’t follow these rules, you might stop getting money. Here are five rules you need to know:
- Living in South Africa: If you move away from South Africa, you might stop getting money from SASSA.
- Living in a State Institution: If you start living in a government-run place, like a hospital or a rehab center, you might stop receiving money from SASSA.
- Getting Money from Other Social Programs: If you start getting money from another social program, you might stop getting money from SASSA.
- Making Too Much Money: If you make more than R86,280 in a year (if you’re not married) or R172,560 in a year (if you’re married), you might stop getting money from SASSA.
- Having Too Many Things Worth a Lot of Money: If you have things worth more than R1,227,600 (if you’re not married) or R2,455,200 (if you’re married), you might stop getting money from SASSA.
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What Counts as Income for SASSA?
If you’re trying to get money from SASSA, you need to know what they count as income. SASSA checks to make sure that the people who really need help get it. They also want to ensure people aren’t trying to cheat the system. They look at different ways you might be making money. Here are the different types of income that SASSA looks at:
Type of Income |
What It Means |
|---|---|
Private Pension |
Money you get from a private pension plan, like from an old job or your savings. This includes money you get regularly and money you get just once. |
Earnings from Work or Business |
Money you make from working, whether it’s part-time, full-time, or freelance. This also includes any money you make from running your own business. |
Financial Assistance from Friends, Relatives, or Children |
Regular money you get from friends, family members, or your children to help pay for things you need. |
Rental Income |
Money you make from renting out property or land. This includes places for people to live and places for businesses. |
Government Compensation |
Money you get from the government, not including money from SASSA. This includes money from the Unemployment Insurance Fund (UIF), money from the Road Accident Fund (RAF), and benefits from the Compensation for Occupational Injuries and Diseases Act (COIDA). |
Investments and Shares |
Any investments you have that you could sell for money. This includes stocks, bonds, mutual funds, and other investments that have a value that can be measured. |
When SASSA Will Pay in May 2024
People over 60 will get R2,180, and people 75 or older will get a little more, R2,200. The money will be given out on Friday, May 3, 2024. If you get your money through a bank deposit, it might take 2-3 days to show up in your bank account.
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Mahesh Sen, a seasoned student advisor, writes informative articles on educational topics. Mahesh gives valuable insights and practical advice to guide students through their academic challenges and milestones.