UIF is calculated as 2% of an employee’s remuneration for UIF purposes, split evenly between the employee and employer, i.e. 1% contributed by the employee and 1% contributed by the employer.
Remuneration for UIF purposes is the employee’s remuneration, less certain exclusions such as commission, and is subject to a monthly income cap of R14 872. The maximum UIF contribution for each party is, therefore, R148.72 a month (R297.44 in total). For employees who are paid at more regular intervals (e.g. weekly), this cap will be apportioned across their pay periods – this may lead to slightly lower UIF contributions in the last pay period of the month.
The total UIF contribution (employee + employer) must be paid monthly based on the amounts contained in the EMP201 and UI-19.
More Information on UIF
- Can I claim UIF online?
- What is the maximum UIF payment?
- When can you claim UIF?
- Can I claim UIF if I resigned?
- Who must pay UIF?
- How long does UIF take to pay out after signing?
- Does UIF pay lump sum?
- Do directors pay UIF?
- Why is my UIF claim rejected?
- Can I claim UIF if I retire South Africa?
- Are you allowed to resign with immediate effect?
- Can I claim UIF if my husband died?
- How much UIF will I receive?
- Is UIF taxable?
- Is UIF calculated on gross or basic salary?
- How long does maternity benefit take to process?
- How many months does UIF pay for maternity leave?
- How is UIF calculated?
- What happens to my UIF contributions if I resign?
- What forms are needed to claim UIF?
- How do I register for UIF?
- What is the retirement age in South Africa?
- Does UIF expire?
- Is UIF calculated before or after tax?
- Is UIF paid on overtime?
- Does bonus have UIF?
- When should I apply for maternity pay?
- How does maternity leave pay work?
- Can I claim UIF after 2 years?
Did You Know : Top 15 Free Online Learning Platforms
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Did you know : International Scholarships 2024
There are several international scholarships available for South Africans to study abroad. Here are a few examples:
- Mastercard Foundation Scholarship Program: This program provides fully funded scholarships to study at selected universities in Africa, Europe, and North America. It is open to African students, including South Africans, who are committed to giving back to their communities.
- Commonwealth Scholarships: The Commonwealth Scholarship Commission offers scholarships for postgraduate study in the UK for citizens of Commonwealth countries, including South Africa. The scholarships cover tuition fees, travel costs, and a living allowance.
- Fulbright Foreign Student Program: The Fulbright program offers scholarships for South Africans to study at U.S. universities for a Master’s or PhD degree. The scholarship covers tuition, travel, living expenses, and health insurance.
- Erasmus+ Programme: The Erasmus+ programme offers scholarships for South Africans to study in Europe for a Master’s or PhD degree. The scholarship covers tuition fees, travel, and living expenses.
- Australia Awards Scholarships: The Australian government offers scholarships for South Africans to study at Australian universities. The scholarship covers tuition fees, travel costs, and a living allowance.
These are just a few examples of the many international scholarships available to South Africans. It is important to research the eligibility requirements and application deadlines for each scholarship program.