How do I calculate my UIF payout?

Last Updated on December 23, 2023 by ufiling

The calculation of your UIF (Unemployment Insurance Fund) payout depends on several factors such as your previous income, the duration of your unemployment, and the reason for your unemployment. Here are the general steps to calculate your UIF payout:

  1. Determine your average salary: Your UIF payout is calculated based on your previous salary, so you need to calculate your average salary for the last four years of employment. Add up your total earnings for the last 48 months and divide by 48.
  2. Determine your daily benefit: Your daily benefit is calculated by taking your average salary and dividing it by 30. The UIF pays out 38% of your daily benefit.
  3. Determine your maximum payout period: The maximum payout period is 365 days (12 months) in a four-year cycle. If you have worked for more than four years, your maximum payout period will be longer.
  4. Determine your payout amount: To calculate your payout amount, multiply your daily benefit by the number of days you are eligible for benefits, up to the maximum payout period.

For example, if your average salary is R10,000 and your daily benefit is R333, your maximum payout period is 365 days, and you are eligible for benefits for 120 days, your UIF payout will be R15,960 (R333 x 120). Keep in mind that there may be additional deductions, such as tax and other fees, from your payout amount.

Top 15 Online Courses and Degrees to improve your employability

Technology and Computer Science Online Courses and Online degrees:

– Computer Science 101 Online Course from Stanford University through edX is a beginner-friendly course that introduces the core concepts of Computer Science, available for free with an option for certification for a fee.
– Programming for Everybody Online degree — Getting Started with Python** by the University of Michigan on Coursera is intended as an entry-level coding class, freely accessible with an optional paid certificate.

See also  Is SATAWU part of Cosatu?

Web Development: Online Courses and Online degrees

– Introduction to HTML offered by Codecademy covers HTML basics for free, with advanced options available through paid upgrades.
– Dash by General Assembly is a free course that teaches HTML, CSS, and JavaScript through hands-on project learning.

AI and Data Science: Online Courses and Online degrees

Introduction to Big Data Online Courses provided by the University of San Diego via Coursera delves into the fundamentals of big data, available at no cost with a certificate available for an extra charge.
Machine Learning Online Degrees by Stanford University on Coursera is a broad course on machine learning, data mining, and statistical pattern recognition, free to access with optional certification.

Business and Management: Online Courses and Online degrees

The PG Diploma in Data Science Online Course from IIIT-B focuses on a variety of programming languages and tools and is developed in partnership with leading industry players.
– A Business Analytics Certification Online degree draws attention especially for those targeting analyst and managerial roles, covering essential tools for analytics and data visualization.

Cloud Computing: Online Courses and Online degrees

– The Advanced Certification in Cloud Computing is targeted at engineering graduates looking to fill roles such as Cloud Developer or Cloud Architect.

Project Management and Software Development: Online Courses and Online degrees

Online degrees in Project Management from leading universities incorporate essential management concepts and business communication.
– The MSc. in Computer Science Online degree from Liverpool John Moores University provides the same level of quality and exposure as on-campus degrees through an 18-month online format.

See also  How much is the UIF payout?

Cybersecurity: Online Courses and Online degrees

The Advanced Certificate Programme in Cyber Security by upGrad and IIIT-B offers an in-depth learning experience over 12 months, combining content hours, projects, and live sessions.

Platforms Offering Diverse Learning Opportunities: Online Courses and Online degrees

FutureLearn offers accelerated courses, microcredentials, and professional certificates across multiple fields with various payment options including subscriptions.
Coursera partners with over 275 universities and organizations worldwide, offering a wide range of degrees and professional certificates.
Udacity specializes in IT and technology courses, with nanodegrees and programs designed in collaboration with industry leaders.
– Codecademy focuses on coding and programming, providing free learning opportunities in various coding languages with additional professional development programs.

These courses and degrees are designed to equip individuals with in-demand skills across various sectors, enhancing employability and providing valuable certifications. Whether interested in technology, data science, business, or other areas, these online resources offer flexible and comprehensive ways to learn and advance in your career.