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UIF remuneration limit R14 872 from 1 October 2012

27 September 2012   (0 Comments)
Posted by: SAIT Technical
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By SARS Legal & Policy

The Minister of Finance recently announced in Government Gazette No 35715 (Notice 783) that the monthly UIF remuneration limit will be R14 872 with effect from 1 October 2012.

This means that UIF is only calculated on the first R14 872 of remuneration and any excess remuneration above this amount is not subject to UIF.

Please click here to access the notice.



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