Road Accident Fund Statutory Claim Limit Adjusted to R394 325
Brought to you by SA Legal Academy: In terms of section 17(4A)(b) of the Road Accident Fund Act, No. 56 of 1996, the statutory maximum cap applicable to claims for loss of income and loss of support has been adjusted upward to R394 325.00 per year.
The revised monetary limit has been gazetted and takes immediate effect. The statutory cap is subject to periodic adjustment in terms of the Act to counter the impact of Consumer Price Index (CPI) inflation on compensation calculations.
Key aspects of the gazetted determination include:
- Adjusted statutory cap: R394 325.00 per annum.
- Covered heads of damages: Claims for loss of income and claims for loss of support resulting from motor vehicle accidents.
- Effective date: Immediately effective upon publication in the Government Gazette.
Click here to download the Government Gazette notice.
What this means for you, your business, or your clients
- For yourself: No direct individual obligations; regulatory awareness required when advising on personal injury and road accident compensation matters.
- For your business: Personal injury law firms, actuarial practices, and claims handling departments must immediately update quantum calculation models, draft particulars of claim, and settlement evaluation schedules to apply the R394 325.00 threshold.
- For your clients: Claimants pursuing loss of support or loss of income awards under the Road Accident Fund will have their compensation subject to the updated maximum statutory limit of R394 325.00 per year.
Originally published at https://legalacademy.co.za/news/read/road-accident-fund-new-claims-limit-adjustment-gazetted-1