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Thread: Increase in UIF ceiling 2012

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    Site Caretaker Dave A's Avatar
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    Increase in UIF ceiling 2012

    The maximum earnings ceiling used for the calculation of UIF contributions has been increased from R149 736 to R178 464 per annum with effect from 1st October 2012.

    This makes the new earnings ceiling for the calculation of UIF as follows:

    Period Ceiling
    Year R178 464
    Month R14 872
    Fortnight R6 864
    Week R3 432
    The trouble with opportunity is it normally comes dressed up as work.

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    Blurock (08-Oct-12), Christel (26-Sep-12), daveob (25-Sep-12), duncan drennan (08-Oct-12), J7J (15-Oct-12), Sparks (09-Oct-12)

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    just me duncan drennan's Avatar
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    Super big thanks for letting us all know - hope you are doing well
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    Thanks, Dave. Does this mean that if you earn more than R178 464 per annum that your contributions will only be calculated on R178 464, or does it mean that you no longer contribute if you earn over that amount?

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    Site Caretaker Dave A's Avatar
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    If you earn more than R178 464 per annum then your contributions will only be calculated on R178 464. Essentially it's a cap on the deduction (and the payout if you ever have to claim one day).
    The trouble with opportunity is it normally comes dressed up as work.

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    Thanks a lot Dave, I wasn't really aware of this change. Much appreciated.

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    Thank you Dave, much appreciated

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    Thank you Dave - I missed this one and will have to go scan by Gazettes again!

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    Thanks, Dave, much appreciated. Will make sure my payslips formulas are changed!

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    Wow thank you Dave

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    Thank you so much Dave!

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