How is UIF calculated?
UIF is calculated as 2% of an employee’s remuneration for UIF purposes, split evenly between the employee and employer, i.e. 1% contributed by the employee and 1% contributed by the employer. … The total UIF contribution (employee + employer) must be paid monthly based on the amounts contained in the EMP201 and UI-19. The Unemployment Insurance Contributions Act, 2002 states the following:“Subject… Read More »