You are Here > Home > YouTube Channel > Video: Your UIF questions answered

Video: Your UIF questions answered

Aug 11, 2020

There’s been a lot of controversy and debate around the rules and regulations of the Unemployment Insurance Fund (UIF) since the beginning of the national lockdown.

With more retrenchments and job losses looming, many people are wondering what their rights are and what the correct processes are to follow. And why does it all seem so complicated?

Today I’m speaking to labour lawyer Michael Bagraim who will provide answers to some of the questions we have around UIF:

  • If you are retrenched, how do you go about applying for UIF?
  • How do you know how much UIF benefit you’re going to get?
  • What happens if you’ve claimed before? Maybe you’ve previously been retrenched or you’ve taken maternity benefits – would that also impact what you can claim now?
  • People don’t always realise that they have to submit for continuation of payment. Don’t you have to keep proving that you’re still unemployed?

I hope this video clears up some of the questions you may have about your rights and the process of claiming from the UIF.

2 Comments

  1. Hi Maya,

    I came across your page when I was looking for an answer to my UIF questions & I really hope you can help me.

    I was retrenched last year August & I received my UIF benefit up until December, when I registered my own business. I work as consultant doing debtors, creditors & payroll for other businesses, however I do not deduct UIF for myself & did not register for UIF again. My 2 questions, what happens to the UIF money that I didn’t claim, since I stopped with my Continuation of Benefit & was I supposed to stop my UIF benefit.?

    Thank you & stay safe,
    Juanita

    Reply
    • This is the response from labour laywer Michael Bagraim:
      . In essence the UIF is an insurance fund specifically structured to help out people who get dismissed, retrenched, retired or leave due to ill health. It is not a saving account and certainly does not belong to the individual who has been contributing for many years if they can’t claim in terms of the rules. The monies that aren’t claimed go into the overall pot which is invested in the public investment corporation and is used for future claims such as we had during the pandemic. It appears that the reader is not an employee but now works for him or her self. A worker other than an employee does not contribute to the UIF.
      many of the people who were employed through either a CC or a Pty Ltd and sometimes a partnership were able to at least claim the UIF. I am aware of some parties who were self employed but registered themselves in any event for UIF which they could do.

      Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

Maya Fisher-French author of Money Questions Answered

Previous Articles

Funeral policy fraud on the increase

When fraudsters access your personal information, they can use this information to take out a funeral policy in your name, and then claim benefits on the policy using a fake death certificate and other supporting documentation. “Finding out you are the victim of a...

SARS issues guidance on crypto assets

On 27 August 2021, SARS provided further guidance on the correct tax treatment of crypto assets and how this must be declared in people’s tax returns. SARS published a document on its website entitled Crypto Assets & Tax. The publication should perhaps best be...

Self-service facility for GEPF members

Technology is making it easier for GEPF members and pensioners to keep track of their pension information and claims process. By downloading the new GEPF self-service mobile app onto your device, you can remove the frustration of standing in long queues at GEPF...

Video: Being rich vs being wealthy

In his book The Psychology of Money, Morgan Housel writes about the difference between being rich and being wealthy. He defines riches as an income you earn, because that allows you to take on the debt to buy that R800 000 car or R40 000 handbag. Wealth on the other...

High-risk land investment leaves angry investors out of pocket

Many South African investors who bought UK property developments through SA-based property marketing company SJ Capital, have seen no returns for over 11 years. Investigations have found that the investment is extremely high risk and that investors were not fully...

Listen: Top tips for financially savvy kids

Maya (@mayaonmoney) chats to certified financial planner Gugu Sidaki (@gugusidaki) about ways to skill our children so that they can better manage money as adults. Gugu is author of My 3 Piggies, a series of books for kids all about money. Also listen to this podcast,...

Treasury’s solution to early withdrawal

As part of its ongoing retirement reform process, National Treasury is proposing the introduction of a two-bucket retirement system to provide for shorter and longer-term needs. John Anderson, executive at Alexander Forbes, says it may work along the same percentages...

Video: Marriage and money

When couples marry, including Customary Marriage, they will automatically be married under community of property, unless they sign a separate antenuptial contract. This is seen as a way to protect women, especially those who stay at home to raise the family. The term...

The NSSF will not meet the needs of South Africans

While noble in its aim, the establishment of a National Social Security Fund (NSSF) is largely unworkable. In August, the department of Social Development issued a Green Paper on Comprehensive Social Security and Retirement Reform, which outlined a “super fund” to...

Life insurers see a 44% jump in death claims

Death claims statistics released recently by the Association for Savings and Investment South Africa (ASISA) have shown a massive 44% jump in lives lost with an overall increase of 64% in the value of claims paid compared to the previous year. Between 1 April 2020 and...

Pin It on Pinterest

Share This