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.
The fund offers short-term financial assistance to workers when they become unemployed or are unable to work because of illness, maternity or adoption leave. The fund also assists the dependents of a contributing worker who has died.
South African law requires all employers to register with the Unemployment Insurance Fund (UIF) and contribute towards the fund for employees that work more than 24 hours per month. UIF is a form of insurance that makes sure South African employees are provided for in the case of involuntary unemployment.
Once the UIF Registration application is complete, you will receive the following:
-A UIF reference number
In order to register for UIF, the following documents and information is required:
-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.
Foreigners who are permanent workers qualify for UIF, and employers must also register foreigners with the fund.
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