What is the Unemployment Insurance Fund (UIF) threshold?
The UIF Threshold, effective from 1 June 2021, is R 17,712.00 per month and R 212,544.00 annually and the amount due by the employer to the Department of Labour is a total of 2% ( Employer UIF contribution of 1% and an Employee UIF Contribution of 1%)
Access the SARS Website f
or further information regarding the UIF limit.
Related Articles
How is the Unemployment Insurance Fund (UIF) exemption reason configured?
The Unemployment Insurance Fund (UIF) exemption reason is configured on employee level on the Exemptions and Other section of their Basic Profile screen. Navigate > Employee > Basic Information > Basic Profile > Exemptions and Other Important! This ...
South Africa: How do I exclude employees from contributing to the UIF?
All South African companies can be set to be exempted from contributing to the Unemployment Insurance Fund (UIF) for various reasons as set out by Government Gazette. Companies can be exempt from contributing to the UIF for the following reasons: ...
South Africa: Are commision earners excluded from UIF?
As per legislation, UIF is not deducted for commission earners. This applies to employees whose earnings are made up 100% of commission only. The Unemployment Insurance Fund (UIF) exemption reason: "Employee earns commission only" is configured on ...
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 ...
On which screen can a company's UIF email address be updated?
A company's UIF (Unemployment Insurance Fund) email address can be updated on the Statutory Fields tab on the Basic Company Information screen. Navigate > Configuration > Basic Settings > Company Settings > Basic Company Information > Statutory ...