The Youth is our FUTURE.<\/p>\n
The Helpende Hand Studietrust<\/strong><\/a> is a lifeline for many South African students building a bridge between giving up due to financial difficulties and successful completion of a qualification.<\/p>\n The sense of accomplishment and skilled confidence with successful completion has a direct positive impact on the community and socio-economic wellbeing of South Africa in the longer term.<\/p>\n By perusing the Section 18A tax benefit as a donor, YOU directly contribute to the above-mentioned positive effect!<\/p>\n For many South Africans, tertiary education is nothing more than a dream due to the exorbitant cost burden of accredited courses.<\/p>\n These costs exclude day to day living expenses, which compound the affordability problem.<\/p>\n The Helpende Hand Studietrust provides a sustainable platform comprising of systems, structures and processes encouraging donors and other relevant role-players to be a part of a solution for many South African students.<\/p>\n It provides critical peace of mind for the donor who knows that funds are managed optimally, ensuring continuity for the next generation.<\/p>\n You can be a part of the WIN \u2013 WIN solution by helping young South African students reach their dreams whilst reducing your tax burden at the same time.<\/p>\n According to Section 18 of the Law on Income Tax, any bona fide donations made to registered Public Beneficiary Organisations (PBOs) – such as Helpende Hand Studietrust – are tax-deductible with a Section 18A tax certificate.<\/p>\n The Section 18A certificate allows taxpaying individuals and companies to make donations to Helpende Hand Studietrust and claim a tax deduction of up to 10% of their taxable income each year.<\/p>\n For example: If you have a taxable income of R100,000, the tax on that is 28%, or R28,000, due to SARS.<\/p>\n However, you can choose to donate a maximum of 10% of your taxable income to the Helpende Hand Studietrust, making your taxable income only R90,000, which reduces the total amount of tax you have to pay.<\/p>\n You then only have to pay R25,200 in tax, decreasing your overall tax burden to SARS while making a massive difference in a student\u2019s life.<\/p>\n These deductions are available whether you donate monthly or once-off, so you are able to choose the option that suits you best.<\/p>\n The Helpende Hand Studietrust, a division of Solidariteit Helpende Hand, was founded and established in 2009 as a platform for donors and students to help students in need through interest-free student loans.<\/p>\n The interest-free student loan model provides for a sustainable full circle approach to continuity.<\/p>\n The approach ensures that the next student or more students are given an opportunity to study with an interest-free student loan.<\/p>\n\n
Here\u2019s how the tax deduction works<\/h3>\n
Helpende Hand Studietrust<\/h3>\n