South African UIF isn’t that difficult to understand, but for those who know absolutely nothing about it, we will discuss its benefits and why you should have it. UIF stands for Unemployment Insurance Fund and you have to be registered by your employer to receive the unemployment benefits it offers. With every payslip you get, you contribute to the UIF fund out of your wages or salary. Then should you find yourself unemployed sometime in the future, you will be able to claim from UIF. The claims you can make depend on how long you have been contributing for; four years or longer entitles you to 238 days of UIF payment, but if you have been contributing for less than four years then you may claim one day for every six days worked, while paying UIF.
Everyone should be registered for this unemployment benefit, and with the South African UIF even domestic workers, as long as you employ them for longer than twenty-four hours a month, have to be registered too. Covered by the fund are five different benefits; death, unemployment, adoption, maternity and illness. The fund only pays out a certain percentage of the salary you earned and the highest percentage they pay out is 58% of your daily earnings at your job.
If you would like to register for UIF or would like to register your domestic workers, then you can pick up the necessary forms at the labour department. Once your forms have been filled in by you and your employer, it must be returned to the labour department where it will be processed and you will be listed, so that you can make claims in the future should you need to. Make sure you are registered for South African UIF; you will regret it if you aren’t.