COIDA Letter of Good Standing
Most tenders and many corporate clients require a COIDA letter of good standing. We handle the Compensation Fund process for you: registration if needed, return of earnings submission, and the letter application, using the details you provide.
- Compensation Fund registration if you are not yet registered
- Return of earnings submission prepared from your figures
- Letter of good standing application and delivery by email
- A team member contacts you if anything further is needed
Handled by our team and delivered to your email within 72 hours of payment.
Your details
We use these answers only to prepare your document. Payment is handled securely by PayFast.
Frequently asked questions
- Who needs a COIDA letter of good standing?
- Employers. Most tenders and many corporate clients require a current letter of good standing from the Compensation Fund before they will contract with you.
- How long is a letter of good standing valid?
- Usually 12 months. It is tied to the annual Return of Earnings cycle, so it has to be renewed each year rather than obtained once.
- When is the Return of Earnings due?
- The Return of Earnings season opens on 1 April each year. Submitting late attracts an automatic penalty on your assessment and puts your letter of good standing at risk, so it is worth doing early in the window rather than at the deadline.
- Are the Compensation Fund's own charges included in the price?
- No. Any assessment amounts owed to the Fund itself are for your account and are not included. Assessments vary per employer, which is why they cannot be bundled into a fixed price.
- What if I am not registered with the Compensation Fund yet?
- Registration is handled as part of this service if you are not yet registered, along with the return of earnings submission prepared from your figures and the letter application itself.