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In the 2015 Budget, the Minister proposed to reduce the remuneration threshold against;which contributions to the UIF are calculated from the current monthly amount of R14 872 to;R1 000, for a period of one year. The proposal was aimed at providing support to the;economy by allowing workers and employers to keep and use for themseleves R15 billion that would otherwise have gone to UIF. The UIF currently has an accumulated surplus of more than R72billion, which is well in excess of annual expenditure on benefits. The UIF proposal was also intended to reduce the rate of accumulation of this surplus.
For more details download the full media statement by clicking on the link below.
Remember that you can claim up to an additional R750 for employees under 65 according to the extended ETI rules from August to November, Our software calculates the ETI rules and we have a handy excel template program to help you calculate the valid claims. Remember to email help@payslip.co.za if...
Remember that you can claim up to an additional R750 for employees under 65 according to the extended ETI rules from August to November, Our software calculates the ETI rules and we have a handy excel template program to help you calculate the valid claims. Remember to email help@payslip.co.za if...
The Bi-Annual filing season is now open and the deadline for submissions is 31 October 2021 for all South African Employers. If you would like assistance, please contact our friendly support consultants via email to help@payslip.co.za
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