The Unemployment Insurance Fund (UIF) in South Africa requires both employers and employees to make contributions towards the fund. The contributions are based on a percentage of the employee’s salary or wage. The UIF contribution rate for employees was 1% of their remuneration. This means that 1% of an employee’s salary is deducted and contributed … Read more
UIF (Unemployment Insurance Fund) contributions are calculated based on your gross salary, which includes all taxable income and benefits, such as bonuses and overtime pay. The UIF contribution is deducted from your gross salary before any other deductions such as tax, medical aid, or pension contributions. However, when it comes to calculating your UIF payout, … Read more
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
