On what income is UIF calculated?

The Unemployment Insurance Fund (UIF) in South Africa is calculated based on an employee’s remuneration. Remuneration includes various components of an employee’s income, such as basic salary, allowances, and certain types of benefits. These components are subject to UIF contributions. However, there are certain exclusions when determining remuneration for UIF calculation purposes. Overtime pay, commission, … Read more

What is the cap for UIF SARS?

UIF (Unemployment Insurance Fund) is administered by the South African Revenue Service (SARS), but there is no specific cap on UIF contributions. UIF contributions are calculated as a percentage of an employee’s remuneration and are subject to certain limits. The contribution is shared between the employee and the employer, with each party contributing 1% of … Read more

Is SARS and UIF linked?

Yes, SARS (South African Revenue Service) and UIF (Unemployment Insurance Fund) are both entities related to taxation and social security in South Africa, but they are not directly linked to each other. Let me provide you with some information about each of them: Although SARS and UIF are both involved in the financial aspects of … Read more