SmartFunder

This exciting benefit provides a more tax-efficient way for your employees to pay existing school / study / university fees for their children or any family members who are in school (Grade R – 12) or in college or university (NQF level 1 – 10).

The SmartFunder product allows employees to move their educational expenses from a post-tax to a pre-tax expense. 21st Century will draw on our decades of experience to assist your organisation with the change-management process to implement this benefit, enhancing the uptake and value.

How does it work?

  • Learners (children and/or relatives) are registered online, and Smartfunder does all the admin from thereon
  • Legally compliant
  • Secure
  • Education fees are paid directly from employer to educational institutions
  • Fees are paid from pre-tax income
  • Budget-neutral for employers
  • Employees pay less tax and therefore have more disposable income