Tag Archives: What is the maximum uif payment 2022

Is UIF paid on overtime?

What should I get out in total after PAYE and UIF if my salary is R14700-00 and my overtime was R4055-17? Tax you will pay / PAYE (Pay As You Earn) for your age group and income bracket: R 2716.12 (as per PAYE tables provided by SARS)Take home pay = Gross salary – PAYE – UIF UIF… Read More »

Is UIF calculated before or after tax?

CALCULATING UNEMPLOYMENT INSURANCE FUND (UIF) CONTRIBUTIONS UIF is Calculated on gross income. The calculation of UIF is not a simple matter of applying 1% to the gross pay of an employee. The calculation of the amount of income that is subject to UIF, is set out in the UIF Act and the Income Tax Act.… Read More »

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 »

Is UIF calculated on gross or basic salary?

CALCULATING UNEMPLOYMENT INSURANCE FUND (UIF) CONTRIBUTIONS The calculation of UIF is not a simple matter of applying 1% to the gross pay of an employee. The calculation of the amount of income that is subject to UIF, is set out in the UIF Act and the Income Tax Act.UIF is Calculated on gross income. The… Read More »

Is UIF taxable?

Any payment that you receive from the UIF is tax-free. This includes a pay-out as a result of being without a job or because of maternity leave. If you have taken maternity leave and are planning on or have received a payment from the UIF, you will not pay tax on this income HOW MUCH MONEY CAN WORKERS CLAIM? If you… Read More »

Who must pay UIF?

Employers must pay unemployment insurance contributions of 2% of the value of each worker’s pay per month. The employer and the worker each contribute 1%. Contributions are paid to the Unemployment Insurance Fund (UIF) or the South African Revenue Services (SARS). UIF Application The Unemployment Insurance Act and Unemployment Insurance Contributions Act apply to all employers and workers, but not to –… Read More »