SA Canegrowers,
Farm Workers Provident Fund.

Empowering you, so you can empower your workforce.

About us

After careful consideration The SA Canegrowers Association has partnered with the Agricultural Sector Provident Fund (ASPF) to provide a flexible and tailored provident fund to all the members of the SA Canegrowers Association.

The SA Canegrowers Farm Workers Provident Fund will fill the gap in providing Death & Disability benefits as well as a savings benefit towards retirement for the farm workers on your farm.

Why us?

Every client gets to design their own product according to their needs.

  • Allowing you to provide social wellness for your employees instilling assurance and confidence.
  • Going into an honest and trusted partnership, offering valuable industry advice.
  • Lightening the financial burden of managing a large workforce when risk factors occur.

We are continuously rendering services to the needs of both employer and employee while keeping up with legislation and industry standards.

Products

Check our Products

Provident fund (Savings)

Provident fund (Savings) Growing and protecting the member’s savings.

Death cover

Death cover Providing a lump sum benefit

Disability cover

Disability cover In the agricultural sector employees depend largely on physical ability, should something happen, disability cover is the ultimate peace of mind.

Accident and bodily loss cover

Accident and bodily loss cover Unfortunate situations occur when working with livestock and large machinery.

Need more insight on how ASPF can assist you?

Services

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Prioritise withdrawal and retirement claims.

Annual member benefit statements.

Assisting the beneficiaries with claims and payments.

Beneficiary trust fund in the event of payments to minors.

Member sessions can be arranged for larger groups in African languages.

After joining the fund, members will receive a certificate of participation.

A management committee meeting can be arranged once per annum, depending on the size of the client.

For more information, download our brochure.

Tariffs

Tariffs

To make provision for different needs, different benefit plans are offered. The benefit structures are set out in the tables below:

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STANDARD OPTIONS: WAGES

Benefit structures for smaller employers with less than 30 members

FIXED BENEFIT PLANS TO CHOOSE FROM:
PLAN PLAN 1 PLAN 2 PLAN 3 PLAN 4
CONTRIBUTION R154.00 R198.00 R237.00 R396.00
DEATH COVER Cover R20,000.00 R30,000.00 R40,000.00 R50,000.00
Premium R21.20 R31.80 R42.40 R53.00

CAPITAL DISABILITY COVER

Cover R0.00 R0.00 R40,000.00 R50,000.00
Premium R0.00 R0.00 R14.00 R17.50
ACCIDENTAL DEATH/BODILY
LOSS COVER
Cover R20,000.00 R30,000.00 R40,000.00 R50,000.00
Premium R5.80 R8.70 R11.60 R14.50
ADMINISTRATION FEE
 Member fee R18.11 R18.11 R18.11 R18.11
Consultation fee R8.86 R11.39 R13.63 R22.77
LESS TOTAL COST R53.97 R70.00 R99.74 R125.88
NET CONTRIBUTION R100.03 R128.17 R137.26 R270.12
% OF CONTRIBUTION 64.95% 64.65% 57.92% 68.21%

TAILOR-MADE BENEFIT OPTIONS

TAILOR-MADE BENEFIT OPTIONS FOR LARGE EMPLOYERS WITH MORE THAN 30 MEMBERS.

TAILOR-MADE GROUP RISK BENEFIT OPTIONS TO CHOOSE FROM:
LUMP SUM DEATH AND DISABILITY BENEFITS COST AS % OF SALARY
DEATH AND DISABILITY BENEFIT BENEFIT
OPTION 1 1x ANUAL SALARY 1.00%
OPTION 2 2x ANUAL SALARY 2.00%
OPTION 3 3x ANUAL SALARY 3.00%
OPTION 4 4x ANUAL SALARY 4.00%
ACCIDENT INSURANCE RATES COST AS % OF SALARY
ACCIDENT/BODILY LOSS INSURANCE BENEFIT BENEFIT
OPTION 1 1x ANUAL SALARY 0.19%
OPTION 2 2x ANUAL SALARY 0.38%
OPTION 3 3x ANUAL SALARY 0.56%
OPTION 4 4x ANUAL SALARY 0.75%
TEMPORARY INCOME DISABILITY INSURANCE COST AS % OF SALARY
TEMPORARY INCOME DISABILITY INSURANCE BENEFIT
75% OF PENSIONABLE SALARY 0.20%
PENSIONS FOR 6 MONTHS
1 MONTH WAITING PERIOD
ILLUSTRATIVE SCENERIOS OF THREE POSSIBLE BENEFIT STRUCTURES
BELOW CALCULATIONS ARE BESED ON MINIMUM WAGE OF R 3 705.00 PER MEMBER PER MONTH.
6% CONTRIBUTION 8% CONTRIBUTION 10% CONTRIBUTION
COST R COST R COST R
EMPLOYER CONTRIBUTION 3,000% R111.15 4,000% R148.20 5,000% R185.25
EMPLOYEE CONTRIBUTION 3,000% R111.15 4,000% R148.20 5,000% R185.25
TOTAL CONTRIBUTION 6,000% R222.30 8,000% R296.40 10,000% R370.50
1x ANUAL SALARY 2x ANUAL SALARY 3x ANUAL SALARY
(1) Sanlam Group Risk COST R COST R COST R
DEATH BENEFIT 0,750% R27.79 1,500% R55.58 2,250% R83.36
DISABILITY BENEFIT 0,250% R9.26 0,500% R18.53 0,750% R27.79
TOTAL CONTRIBUTION TO GROUP RISK INSURANCE 1,000% R37.05 2,000% R74.10 3,000% R111.15
(2) AGRICULTURAL SECTOR PROVIDENT FUND (ASPF) CONTRIBUTION COST R COST R COST R
ASPF CONTRIBUTION 5,000% R185.25 6,000% R222.30 7,000% R259.35
LESS ADMINISTRATION FEE (a) 0,466% R17.25 0,466% R17.25 0,466% R17.25
LESS ADMINISTRATION FEE (b) 0,288% R10.65 0,345% R12.78 0,403% R14.91
NETT SAVINGS PER MONTH 4,247% R157.35 5,189% R197.27 6,132% R244.44
TOTAL CONTRIBUTION TO SANLAM GROUP RISK (1) R37.05 R74.10 R111.15
TOTAL CONTRIBUTION TO ASPF (2) R185.35 R222.30 R259.35
TOTAL MONTHLY CONTRIBUTION (1+2) R222.30 R296.40 R370.50

Contact

Contact Us

Call:

Marketing Consultant-
George Dreyer:
082 789 3436

Support: (012) 845 0001

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