West-Evans IncChange to UIF Earnings limit: Effective 1 October 2012 » West-Evans Inc

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Change to UIF Earnings limit: Effective 1 October 2012

With effect from 1 October 2012 the Earnings limit for UIF has increased. Section 6(1) of the Unemployment Insurance Contributions Act 2002 (Act No. 4 of 2002) shall not apply to so much of the remuneration paid or payable by an employer to an employee during any month, as exceeds R14 872.

The increase is therefore
• R149 736 to R178 464 per annum or
• R12 478  to R14 872  per month or
• R2 879.53 to R3 432 per week or
• R5 759.08 to R6 864 per bi-week .

Payroll software, as well as manual records should be adjusted accordingly. For assistance in this regard or for further information contact us.

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