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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:
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?
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).
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