Workers in South Africa are required to contribute to the Unemployment Insurance Fund (UIF). This money ensures those who contribute to the fund receive short term financial support should they be unable to work.
Employees who work for more than 24 hours per month are required by law to contribute to the UIF. Employees contribute 1% of their gross monthly income to the fund while their Employers contribute a further 1%.
Workers who earn a taxable income are required to pay income tax to the South African Revenue Service (SARS). As of 3 December 2021, people who are below the age of 65 and earn R87 300 pay income tax.
South Africa also implements a progressive tax rate, this means that the more you earn, the higher the percentage of tax you are required to pay. This is commonly referred to as Pay As You Earn (PAYE).
Here’s How To Update PAYE On UIF Database
Step 1: Complete the UI.8 form which can be found by CLICKING HERE
Step 2: Submit supporting documents including your SARS certificate and if applicable, CIPC registration documents.
Step 3: Send email with the above listed documents to [email protected]