- The TIG is (or was) a grant administered by FASSET for registered employers/organizations within the finance & accounting services sector — meant to encourage and support employer-led training and skills development for their staff. Fasset+1
- It is part of FASSET’s levy/grant-system: employers who pay the Skills Development Levy (SDL) can claim back a portion (or receive support) if they submit a proper training plan and report, showing that they provided relevant training. Fasset+1
- The training can include various interventions — e.g. upskilling, professional or in-house training relevant to the sector’s needs. Fasset+2Fasset+2
📄 Who Can Apply (or Who Benefits)
- Employers registered with FASSET and who pay SDL — not individuals directly. It’s the employer that must submit the grant application (with training plan/report). Fasset+1
- The training must be relevant and align with FASSET’s sector priorities (finance, accounting services, etc.). Fasset+1
- Employees benefiting from such training are also indirectly beneficiaries — because their employer receives the grant covering or partly offsetting the cost of their training, which encourages workplaces to invest in staff development.
🕓 Deadline & Timing (Recent / 2025–2026 Cycle)
- The most recent publicly announced deadline that I found for employers to apply for the Training Incentive Grant was 31 December 2024 or until the budget is depleted. Fasset
- However — timing may vary per financial year and per FASSET’s grant-cycle. If you are considering 2026, it’s critical to check current notices from FASSET (on their website) as soon as funding windows open.
- For mandatory grants (for SDL-paying employers), there is often a deadline tied to the fiscal / levy reporting cycle (e.g. by 30 April each year) for submission of training plans/reports for that cycle. Fasset+1
📝 What the Grant Covers / What Employers Claim
When properly submitted, the TIG (or corresponding mandatory grant) allows employers to claim/recover part of the cost for training delivered to staff. Specifically:
- It reimburses or offsets expenses related to training interventions that the employer funds. Fasset+1
- Because it is part of the levy-grant system: if the employer submitted their SDL return, and submits a valid training plan and report, the grant is paid out, frequently on a quarterly basis. Fasset+1
- Trainers / learners themselves aren’t paid via this grant — the employer uses it to support training costs (e.g. fees for courses, workshops, internal training, maybe materials).
✅ What It Means for Employees or Students
- If you work for a FASSET-registered employer, you could benefit indirectly: your employer might use the grant to fund your skills development, training courses, or further education in accounting/finance.
- This could make employers more willing to invest into staff training (because they can claim grant), creating opportunities for upskilling in accounting, finance, tax, etc.
- If you’re job-hunting and you find firms registered with FASSET, it may be worthwhile to check if they use these grants and whether they sponsor training — this could boost your prospects for development.
⚠️ What to Watch Out For
- The TIG is for employers, not individuals — you cannot personally apply. If you are unemployed or seeking bursary/learnership support, this grant doesn’t apply to you.
- The grant depends on the employer submitting a correct training plan and report — if they fail to comply or submit late, you may lose the benefit. Fasset+1
- Because funding windows and budgets fluctuate, there is no guarantee that a grant will be available every cycle. The budget may be exhausted before all applications are processed (first-come, first-served in some cases). Fasset+1
🔍 What’s the Current Status (as of 2025/2026) & What You Should Do
- As of the latest public notice (on FASSET’s website), the 2024/2025 Training Incentive Grant intake was announced; the deadline was until funds depleted or 31 Dec 2024. Fasset
- FASSET continues to run other funding windows (bursary schemes, bursary for employed learners, discretionary grants, debt assistance) — so even if TIG may not be open, there might be other support options. Fasset+2Careers Portal+2
- If you are affiliated with a company in finance/accounting services — check with your HR or training department whether they are registered with FASSET and whether they submitted or plan to submit a TIG application.
🎯 Should You Try to Use FASSET TIG (or Leverage It)?
Yes — but only as part of a strategy if you are:
- Working (or plan to work) with an employer in the finance / accounting services sector that pays SDL and is eligible for FASSET.
- Looking for employer-sponsored training, upskilling, or finance/ accounting-related courses.
- Willing to discuss with employer or HR about making use of grants to fund training — because the employer must apply on your behalf.
If you are a student or job-seeker (not currently employed), TIG isn’t directly for you — but you might be eligible for other FASSET bursary or grant program (e.g. employed-learner bursary, outstanding debt grant, discretionary bursaries).
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