The SARS UIF threshold refers to the minimum income level at which individuals in South Africa are required to contribute to the Unemployment Insurance Fund (UIF). The UIF is a social security program that provides temporary income support to employees who become unemployed, as well as certain other benefits. The threshold sets the limit below which employees are exempt from making UIF contributions.
As of September 2021, the SARS UIF threshold was set at R14,872 per month. This means that employees earning below this threshold are not required to make contributions to the UIF. The threshold is adjusted periodically to account for changes in the cost of living and wage levels.
It’s important to note that the UIF threshold and other tax and labor regulations can change over time. To obtain the most accurate and up-to-date information, it is advisable to consult the official website of the South African Revenue Service (SARS) or seek guidance from a qualified tax professional or labor specialist.
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