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TERS and UIF – What businesses need to know

  • by Jutta Dudley

The casualties in the workforce of many businesses is one of the saddest thing about the whole COVID-19 disaster. We hope this useful advice on how you, as employers, can assist your employees through applying for the Government assistance known as The Temporary Employee/Employer Relief Scheme (TERS), will help. This relief is offered to employers facing distresses and unable to pay salaries and according to Arlene Legate, president of the SAPA, it is actually the responsibility of such companies to make use of it. She also assures us that, despite initial setbacks, payments are being made.

 

A New Directive

A new directive published by the Minister of Employment and Labour, Thula Nxesi, on Friday (15 May), states that employers can now directly apply for financial assistance in the following circumstances:

  • The employee is a UIF contributor who has lost income due to the Covid-19 pandemic;
  • The employee’s employer has ‘failed or refused’ to apply for Covid-19 benefits;
  • No bargaining council or entity has concluded a memoranda of agreement (MOA) with the UIF.

Here is a useful link to make UIF applications on your employees’ behalf - https://www.ufiling.co.za/uif/

 

A Straight Forwward Process

To apply, the authorities will require your company PAYE and UIF registration numbers, ID numbers, the name of business owner and each employee, as well as bank accounts of all employees seeking relief.  NB. The UIF funds are only paid directly to the employee.

The form itself is simple to complete - literally 5 steps - if you have the info and the system is stable enough to allow you to complete the transaction. Thereafter UIF will send you an email stating you are registered, check the info is correct and within +-10 days you should receive payment. Due to pressure of numbers, however, there may be some backlog.

 

We Can Help

Apart from giving useful advice on these kinds of matters, we at V-Assist are qualified and skilled at handling this type of business administration on your behalf. You need only contact us to find out more, and why not also check out the wide range of services on our website.

Our motto is ‘time is money’ so practically anything that wastes, or takes up too much of your valuable time, can be outsourced to us. Keep working from home if you can - and keep safe! 

 

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