How does the "UIF Income Uncapped" Note component function?

How does the "UIF Income Uncapped" Note component function?

This feature is available on all PaySpace editions.

The "UIF Income Uncapped"  component (tax code: UIFIUNCAP)  returns the same income included in the current "UIF Income" note component, but the monthly limit is not applied, and is not an accumulated month-to-date total - it returns payslip values.

The following tax codes included in the calculation: 3601, 3651, 3605, 3655, 3607, 3657, 3617, 3621, 3707, 3757, 3708, 3758, 3713, 3763, 3717, 3767, 3718, 3768, 3719, 3769, 3720, 3770, 3721, 3771, 3722, 3772, 3723, 3773, 3724, 3801, 3851, 3805, 3855, 3806, 3856, 3808, 3858, 3809, 3859, 3810, 3860, 3813, 3863, 3817, 3867, 3820, 3870, 3825, 3875, 3828, 3878, 3829, 3879, 3831, 3881, 3833, 3883, 3906, 3956, 4582 + “Other Lump Sums (Backdated Salaries)” component + “Arbitration Award (Loss of Income)” component.

The component will not populate on the payslip, if the "UIF exemption reason" field under the "Exemptions and Other" tab on the employee's Basic Profile screen is enabled (not "None" or is blank).

      Navigate > Employee > Basic Information > Basic Profile > Exemptions and Other

      

Note! 
  • A month-to-date recalculation will take place if the component is only activated in week 2 or on an interim payslip.
  • The "UIF limit weekly and fortnightly override" checkbox on the Basic Company Information screen does not have an impact.
  • There is no UIF exemption on company level.

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