INCREASE IN UIF CONTRIBUTION THRESHOLD

INCREASE IN

UIF CONTRIBUTION THRESHOLD

By Jaco Swart

Dear employer

The Minister of Finance has increased the maximum remuneration on which Unemployment Insurance Fund contributions are calculated to R17 712.00 per month, effective from 1 June 2021. The previous threshold was R14 872.00 per month.

Therefore, the maximum UIF contribution, by employers and employees, has increased to R177.12 per month.

This increase will only affect the employee and employer contributions where the employee currently earns between the previous maximum threshold and the new threshold (between R14 872.00 and R17 712.00 per month).

We will keep members abreast of any further developments.

Jaco Swart is the National Manager at the National Employers’ Association of South Africa (NEASA).

For more information:
NEASA Media Department
media@neasa.co.za