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UIF issues Final letter to TERS benefits recipients
- 21 May 2020
- Accounting
- South African Accounting Academy
The Department of Employment and Labour has been circulating a letter from 17 May 2020 to employers who have received TERS benefits on behalf of its employees as a declaration of what the total payments made to employees consisted of. The purpose of the letter is to determine whether employees received an overpayment in respect of TERS benefits, in which case the UIF will raise a debt against the employee.
Click here to access the letter.
The UIF will use this information to calculate any benefits paid for May and where required deduct any overpayments.
- Option A will indicate that the amounts that the employer indicated on the claim was either an advance paid or employee was taking paid annual leave which was offset against the benefit claimed and therefore UIF does not need to take any further action.
- Option B indicates that the amounts that the employer indicated on the claim was for part time work done and therefore the UIF needs to be refunded or has been refunded.
- Option C indicates that the amounts received by the employee from the UIF and/or employer was more than the employee’s normal monthly remuneration and therefore the UIF benefit needs to be reduced.
Each employer is to choose one of the options A, B or C and scan and e-mail to allan.ragavaloo@labour.gov.za. The company’s name and UIF reference number should also be added.
SAICA’s Assurance division prepared an updated document to address and clarify this issue.
Click here to access the SAICA document.