Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

UIF contribution - how to work it out?

Posted 10 December 2014 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
How do you calculate UIF contribution, i.e. how much should an employee contribute for UIF...eg: If an employee earns R15 000 how much will be his/her UIF contribution per month & how is it calculated ?? Thanx

This entry was posted in Tax Questions and tagged . Bookmark the permalink.

TaxTimTaxTim says:
10 December 2014 at 15:21

UIF is 1% of the gross salary per month capped at R148.72. The employer must contribute 1% as well.


K1 says:
10 December 2014 at 16:01

Hi. Please excuse my silliness but I need clarity. What do you mean capped ?? Do you mean it's fixed @ R148.72 per month when you earn R14 872 or more a month ?? Can you please put it in simpler English :-) . So 1% of R15000 & 1% from the employer...how much is that ??


K1 says:
10 December 2014 at 16:22

So 1% of R15000 is R150 & another 1% from the employer making it R300,right ?? Does this mean R148.72 is the maximum UIF that one can pay ?? #bit-confused#


TaxTimTaxTim says:
10 December 2014 at 19:15

The 1% is capped at R148.72 so therefore in the case of R15000 per month both you and the employee have to pay R148.72 each.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →