What Is a SASSA Means Test? Explore More Updates about SASSA Means Test.

What Is A Sassa Means Test

You must first be aware of the SASSA means test requirements before you can apply for a social grant from the South African Social Security Agency (SASSA). To qualify for the award, you must meet the means test requirements. 

What Is A Sassa Means Test?

To ensure that only worthy people receive the grant, the Means Test computes the applicant’s financial situation, including their income, assets, and other economic factors. Should the applicant’s assets or income exceed the SASSA means test criteria, they will not be eligible for the grant. The means test requirements for each grant type vary to assess financial eligibility. Grants for the elderly, disabled, and veterans of war, for instance, are all awarded on a sliding scale; that is to say, the more private income you have, the less money you will receive in grants. A married person’s income and assets are determined jointly with their spouse. Whether they got married on community property or not makes no difference. Assets and income are entirely dependent on single individuals.

I covered each grant’s income and asset thresholds in this context. You may find out how much SASSA pays you by reading this page. To apply for the SASSA social grant, make sure you have read the text thoroughly and understand the means test requirements. The maximum income and asset thresholds that will be in effect as of April 1, 2023, are covered here. It’s crucial to remember that these figures could fluctuate every year on April 1 or October 1. 

What does the SASSA Means Test define as an income?

According to SASSA, the following are regarded as sources of income:

  • Receiving a grant from a private pension
  • Making money through farming or other business ventures
  • Getting financial support from loved ones or friends
  • Renting out a section of your home to generate income
  • payments for child support from a former spouse
  • Earning money through employment
  • Leasing a home that you own
  • Reimbursement from additional sources, such as the Road Accident Fund (RAF), the Unemployment Insurance Fund (UIF), or the Compensation for Occupational Injuries and Diseases Fund (COIDA).

What qualifies as an asset?

The following is what the SASSA meaning test counts as an asset:

  • Cash in your bank account. Money is in either your spouse’s bank account if you’re married.
  • The amount of money you and your spouse own in property or land, excluding the home or land where you reside.
  • All of your and your spouse’s assets, including shares and other investments, will be valued and taken into account.
  • Your annuity won’t be considered an asset for the means test if you haven’t yet retired from a retirement fund.
  • Your annuity will be counted among your assets for the means test if you are retired from a retirement fund.
  • Outstanding obligations, including loans and bonds.

Read Also – Sassa Grant Payment Dates Check For April 2024

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