Last Updated on September 21, 2023 by ufiling
The Unemployment Insurance Fund (UIF) is a social security program in South Africa that provides temporary financial assistance to workers who become unemployed or are unable to work due to illness or maternity leave. The UIF is managed by the Department of Employment and Labour.
UIF benefit limit in South Africa is based on a formula that takes into account the individual’s earnings and length of service. The basic calculation for UIF benefits is as follows:
- The UIF pays out a portion of your average monthly salary earned over the four years preceding your unemployment.
- The UIF benefit is capped at a maximum of 60% of your average monthly salary.
- There is also a maximum monthly benefit amount set by the government, which can change annually.
It’s important to note that these figures might have changed since my knowledge cutoff. For the most up-to-date and accurate information, I recommend visiting the official website of the South African Department of Employment and Labour or contacting their offices directly.
Top 15 Online Courses and Degrees to improve your employability
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