What is the UIF threshold now and when did come into effect?
Important:
This answer is based on tax law for the tax year ending 28 February 2018.
Answer:
We think you may be referring to the notice issued (by the Minister on 17 March 2017) under section 12(3)(a) of the Unemployment Insurance Act, 2001. It relates to unemployment benefits contemplated in Part B of Chapter 3 of the Act.
The remuneration threshold is dealt with under section 6 of the Unemployment Insurance Contributions Act, 2002 and the relevant notice in the Gazette. The percentages, 1% by the employee, which includes a director, and 1% by the employer have also not changed. In other words, we are not aware of any notice relating to an increase in the remuneration threshold (or the contribution from R148.72) during the 2017 year.