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Unemployment Insurance Fund
UIF – Unemployment Insurance Fund logo, image: ufiling.co.za

UIF Stands for Unemployment Insurance Fund, this applies only to unemployed people (people who just got laid-off), and or those who are unable to work, because of maternity, illness or adoption leave. In the unfortunate event that the contributor is deceased, dependents will also get the UIF.

UIF is governed by the Unemployment Insurance Act, 2001 (the UI Act) as well as the Unemployment Insurance Contributions Act, 2002 (the UIC Act) in South Africa. Employers who are registered with SARS for employees’ tax will have to register to pay for UIF contributions. Employees pay 1% of the remuneration paid by the employer to the employee. A total of 2% is paid by the employer (1% contributed to the employee and 1% for contributed by the employer).

Employees excluded are those that are employed for less than 24 hours a month, receiving income under a contract of the employment, Employed as an officer or employee in the national or provincial sphere of Government, if you are a member of a municipal council, traditional leader, member of a provincial House of Traditional Leaders, The President, Deputy President, a Minister, Deputy Minister, a member of the National Assembly, a permanent delegate to the National Council of Provinces, a Premier, a member of an Executive Council or a member of a provincial legislature, you are in a learnership, apprenticeship in South Africa, contract of services.

The UIF maximum amount that can be deducted from your income is R148.72 which is 1% of R14 872 making it the maximum earning amount to be illegible for UIF. Amounts deducted are paid to SARS by the employer.

The UIF operation started on 1 April 2002

Visit the uFilling website for more information.

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