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
UIF is 1% of the gross salary per month capped at R148.72. The employer must contribute 1% as well.
K1says: 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 ??
K1says: 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#
TaxTimsays: 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.
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