Increase in contributions to Unemployment Insurance (UIF)
In February 2021, in the budget the Minister of Finance advised that there would be an increase on the maximum contributions to UIF on a maximum remuneration of R17 712, meaning that the maximum contribution would be R177,12.
Gazette Notice No. 44641-3 issued on 28 May 2021 has made this increase effective from the 1 June 2021. The 1% of remuneration below R17 712 remains and is payable 1% by the employee and 1% by the employer.
Should you have any questions, please contact:
Commercial Director Africa
T: +27 79 479 3842