How To Claim UIF Benefits Online – Step By Step Guide

UIF Payments – How To Calculate Online?

How do I calculate my UIF payments online? Any UIF applicant or beneficiary would love to know how much is been allocated to his or her accounts as contributions are been made or deducted.

Knowing payments made to your UIF account always gives beneficiaries and applicants the muscle to pay or contribute their necessary quota to the fund without hesitation.

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The UIF calculator also gives a precise estimation of how much UIF you can expect after your application has been successful.

It is very necessary to always check or calculate your UIF payments since mistakes can be made by fund managers as well as companies that contribute on behalf of their workers.

We would be glad to take you through all the necessary guidelines to assist you in calculating your UIF payments.

According to the unemployed Insurance Fund, 2% of workers’ remuneration is being deducted to the fund.

In this case, the two per cent is divided among the employer and the employee as the employer pays 1% whilst the employee equals the same percentage.

The UIF law also states categorically that if you work more than 24 hours, you are required to make contributions to the UIF.

uif payments
How to calculate uif payments

In this post, we will take you through how to calculate UIF payments online, and what you need to be able to calculate your UIF payments.

We will also answer the frequently asked questions (FAQs) on how to calculate your UIF payments online and other relevant questions.

How To Calculate Daily Remuneration?

To calculate your daily remuneration, the following must be done;

  1.  Multiply your daily remuneration by 12 months
  2.  Divide your yearly income by 365 which represents the days in the year.

If you earn R1000 as your daily remuneration, you multiply it by 12, where 12 stands for 12 months in the year. You will further divide the calculated figure by 365 days

Important Links On UIF Benefits

How to Calculate UIF Payments

The initial thing to do when calculating your UIF payments is to find out your daily remuneration. For example, if you earn R1000 you should multiply it by 12 months.

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R1000 x 12/365

= R32,88c (daily remuneration)

Daily

R32,88 x 38% (minimum IRR)

= R12,5c (daily benefit amount)

The following are some frequently asked questions (FAQs) on UIF Payments

How Much Can I Receive from UIF?

Apparently, the amount that would be paid to you as a UIF applicant or beneficiary will depend on your monthly income.

How Long Does it Take to Claim UIF Payment?

You would be surprised that the whole payout process takes up to three hours. Yes! it is three hours. After a successful process, the first payment will be made into your bank accounts within two to four days.

Has the South African Government Increased the UIF Contributions?

Yes, the Minister for Finance has increased the monthly maximum UIF remuneration from R14,87 to R17, 712 monthly.

How Do I Create UIF Account?

To create a UIF account, you must first visit the UIF website and navigate to create a new account. Fill in the required details such as your name, telephone, etc, and create your account.

We have a step-by-step article on how to create UIF Account and Apply For UIF Online. You may check it out if you need a more simple guide on how to create an account.

Important links to UIF benefits

In this post, you have been exposed to how to calculate UIF payments. If this has been helpful, please share.