The Unemployment Insurance Fund (UIF) helps employees financially when circumstances put them out of their jobs.
One can get dependent benefits if a working parent or spouse dies.
UIF calculator: How do you calculate a UIF claim?
The UIF lightens the effects of unemployment on an employee or dependents of a deceased worker for a short time. Photo: pexels.com, @Tima Miroshnichenko, @RDNE Stock project (modified by author)Source: UGC
You must have applied to the fund and taken the necessary steps to claim the benefits when needed.
The UIF considers this to ensure that thefinancial supportyou get is equitable and proportionate to your contributions.
Your benefits will be calculated according to the credits accumulated.
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The claim will be rejected if the daily income from continued employment is more than the benefit amount.
UIF contribution calculator: How is UIF contribution calculated?
The UIF contribution must be 2% of the monthly gross salary the employer pays the employee.
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The employee contributes 1%, and the employer contributes 1% within the prescribed period.
If you earn R15000 monthly, the employer has to deduct R300 and submit it to UIF.
You are entitled to a salary of R14700.
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Therefore, the total amount paid to UIFSouth Africais R40, while the employee gets R1,960.
Laborers should also know that they will be committing fraud if they still enjoy the benefits while working.
What is the UIF limit?
If one loses part of their income while employed due to reduced working hours, they can claim UIF benefits. Photo: pexels.com, @Jakub Zerdzicki (modified by author)Source: UGC
you’re free to claim your UIF benefits for 12 months, provided you have full credit days.
How long does UIF pay after signing?
If everything is in order, you should startgetting UIF payoutswithin eight weeks of signing for claims.
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The money will be paid every four weeks until all the benefits are used up.
You must alsomake a UIF claimwithin six months after your last day of employment.
The process takes longer to finalize the claim if the employment record is not up to date.
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How long does the UIF second payment take?
What is the maximum UIF payment?
Were the UIF contributions increased?
Maternity benefits may be claimed by an employee no longer working due to maternity leave. Photo: pexels.com, @Tima Miroshnichenko, @Mikhail Nilov (modified by author)Source: UGC
TheMinisterof Finance increased themonthly maximum remunerationfor the Unemployment Insurance Fund contributions to R17,712 from R14,872 monthly.
Who can be exempted from UIF payments?
Every employee should make UIF contributions unless exempted or excluded by the relevant laws.
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Independent contractors that are deemed to be employees are exempt from UIF contributions.
Online UIF deduction calculators can help you know how much you should contribute to the fund.
TheezUIF Benefits Calculatorestimates how much UIF you’re free to expect to receive monthly if your program succeeds.
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Theonline UIF calculatorcalculates your payouts along with a guide that explains how to calculate UIF benefits yourself.
It is intended for general informational purposes only and does not address individual circumstances.
Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
An employee who is not working due to the end of a fixed contract can claim unemployment benefits. Photo: pexels.com, @RDNE Stock project, @Tima Miroshnichenko (modified by author)Source: UGC
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She has a Bachelor of Commerce & IT from the University of Nairobi and joined Briefly.co.za in November 2019.
The writer completed a Google News Initiate Course.
you could email her at perisrodah254@gmail.com.
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Cindy KarimiCindy K. Karimi is a content creator with more than 4 years of experience.
She graduated from Kenyatta University studying Records Management and IT in 2021.
Cindy has been with Briefly since 2020, covering content, mainly celebrity biographies and list articles.
You can claim unemployment benefits if you are not working due to retrenchment or dismissal. Photo: pexels.com, @Olia Danilevich, @Pavel Danilyuk (modified by author)Source: UGC
Cindy is a dog lover and enjoys hiking, swimming and jogging.
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An employee who is not working due to the insolvency or death of an employer can claim unemployment benefits. Photo: pexels.com, @Alena Darmel, @RDNE Stock project (modified by author)Source: UGC
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Photo: canva.com (modified by author)Source: Original
