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 the employee’s remuneration.
The UIF is a public fund administered by the South African Department of Employment and Labour. It provides short-term financial assistance to workers who become unemployed, or are unable to work due to maternity, illness, or adoption. The amount of UIF benefits an individual can receive is based on their earnings and the number of days they contributed to the fund.
However, SARS, which stands for South African Revenue Service, is responsible for the administration of tax and customs in South Africa. It is not directly related to the UIF.
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