The amount of your first UIF (Unemployment Insurance Fund) payment depends on your previous earnings and the amount that you have contributed to the UIF. In general, the UIF pays out a percentage of your previous salary to help you manage financially during your period of unemployment. The amount of this percentage is determined by … Read more
Employers must pay unemployment insurance contributions of 2% of the value of each worker’s pay per month. The employer and the worker each contribute 1%. Contributions are paid to the Unemployment Insurance Fund (UIF) or the South African Revenue Services (SARS). Application The Unemployment Insurance Act and Unemployment Insurance Contributions Act apply to all employers and workers, but not to – workers … Read more
