Many people who are unemployed and have no source of income can simply take advantage of this platform. This platform allows the Unemployment Insurance Fund, which provides relief to all unemployed people by giving a monthly contribution to the employee. Sometimes the employer who is giving a monthly contribution to UIF cancels it due to various reasons. Well, in this article, I will tell you how to cancel a UIF in order to stop paying a UIF contribution.
The unemployed Insurance Fund is basically the fund that the employer is registered to pay. The employer pays UIF a little contribution from their salaries in order to help the needy or unemployed people. The UIF collects all the funds from the working people and makes sure to serve people who are unable to work because of some illness, adoption leave, and maternity.
Also, this platform allows different training programs so that people can learn new skills in order to find better job opportunities. Well, sometimes the employer who is contributing to the UIF may cancel it because of an unacceptable act of the worker. Also, many people want to cancel UIF in order to get R350 approval.
At times the worker resigns and doesn’t want to continue working with you so, in certain situations you need to cancel UIF in order to stop donating funds. The worker itself cannot cancel UIF but it is the employer who is contributing funds that can cancel it. Well, in this article, I will tell you how to cancel a UIF under certain conditions.
UIF Cancellation Process
Well, if you want to cancel UIF online then you should follow the following steps;
- Firstly, you have to visit the website of UIF and then enter your Email address.
- After entering the website you have to select “My Business” where you will get the whole detail.
- From all the options available you have to select “Cancel Registration” from the menu of the page.
- In order to confirm cancellation registration you have to give your account number.
- Once your cancellation is accepted then you have to click it in order to activate it.
Reasons For Canceling UIF
There are many different reasons why people cancel UIF. Sometimes the employer does it while sometimes the worker does it. The reasons for canceling UIF are;
- When the workers are no longer part of the employment then they cancel UIF.
- The employer registers this cancellation application when their employee has committed fraud.
- Also, when the workers refuse to accept the rules of the organization then the employers cancel UIF in order to terminate the worker.
- Workers cancel UIF when they voluntarily leave a job.
Cancel UIF And Get SASSA R350 Approval
Well, SASSA allows individuals to cancel UIF and get an R359 grant from SASSA in order to live a good life. SASSA allows giving benefits to all the people who are needy and have no origin of income. Before you could apply for this application you have to cancel the UIF first because, at the same time, you cannot take benefit from both platforms.
Once after canceling the UIF, you can apply for grant R350 by sending an application form to the official website of SASSA. If SASSA accepts your application then you will be able to take R350 each month. In order to proceed with SASSA grant R350 you have to apply for UIF cancellation so that you can complete the next process.
Can You Cancel UIF?
Yes, only employers can cancel UIF and it is possible when their worker resigns from their employment. When the employer’s employee leaves work, you can also stop donating funds to UIF.
How Do I Terminate Employment?
Well, you cannot terminate employment whenever you want, rather there is a specific probation time after which you decide whether to keep a worker or not. Terminating a worker without warning will not be accepted.
Can I claim SASSA and UIF at the same time?
No, you cannot claim SASSA and UIF at the same time as both programs provide financial support. You cannot take financial support from SASSA and UIF simultaneously. If you do so then you will be disqualified from the other one automatically.
How much do you need to pay in UIF?
Well, the employer needs to pay a total of 2% contribution to UIF.
How to de-register with the UIF?
Well, to de-register with the UIF you need to call the UIF’s nearest helpline center. Also, you can simply cancel it online at home.
What to do if the R350 grant is declined due to UIF?
If your R350 grant is declined due to UIF then you need to send an application to SASSA. If you are not getting any funds from UIF then you are eligible to apply for an R350 grant in SASSA.
Well, I hope that now you have got an idea of how to cancel a UIF by following a simple procedure. Many employers register for UIF cancellation after their employee or worker has been terminated from their employment, which means that they no longer will get UIF. There are different methods of how to cancel a UIF so it totally depends upon you which one you would like to follow.