What Are the Company Requirements for UIF Get the details about The Company Requirements for UIF on this article well explained.Registration of a business and new employees for unemployment insurance contributions is regulated by the Acts listed below:
- The Unemployment Insurance Contributions Act 4 of 2002 (UICA)
UIF Registration
Unemployment Insurance Fund (UIF)
Unemployment Insurance Fund (UIF) is insurance for the employees in the case of unemployment, maternity, adoption or illness leave. The company must be registered for UIF with the Department of Labour.
In order to register for UIF, the following documents and information is required:
- CC/Company documents
- Certified ID Copies of member(s)/director(s)
- Nature of Business/Activities
- PAYE Number (if applicable)
- ID copies of employee/s
- Employee/s gross salary
- Commencement date of employment of employee/s
This Unemployment Insurance Fund (UIF) application process takes 10-15 working days. However, If there is a delay from The Labour Department” due to excessive workload, the process could take longer.
Once the UIF Registration application is complete, you will receive the following:
A UIF reference number
Cost for UIF Registration: R 499.00