UIF Limit Increased
From 1 Oct. 20012, the annual limit for income subject to UIF contributions has increased from R149,736 to R178,464. That results in a new monthly limit of R14,872 and a weekly limit of R3,432.
2012
Interest Rate Change and New Features
Due to the recent drop in interest rates by the reserve bank, the fringe benefit interest rate on low or interest free loans will now be 6% instead of 6.5%.
New Features: Bulk input for recurring items and pay-point permissions
We’ve added 2 new features that you may find useful. The first is bulk input of recurring items, such as basic salary / hourly rates, which was previously only available for periodic items such as hours worked.
2011
Interim PAYE Reconciliation Closes in One Week!
Just a reminder that the current bi-annual recon season closes in a week, on Monday 31 October. You should submit all your tax certificates to SARS by then. SimplePay has an e@syFile export function that makes this easy.
Tax tables and other info loaded for the 2011/2012 tax year
We’re pleased to announce that our clients and their employees can now see how their payroll will change in the new tax year. Payslips that fall in the 2012 / 2013 tax year will automatically meet the new legal requirements, while your payslips for the current tax year will still be calculated according to the current tax year’s rules, as you’d expect.
2010
Just a Quick Feature Update
We’ve been so busy releasing new features lately that we haven’t taken the time to announce them:
Self-Service and Full Take-On Released
We’ve recently released two frequently requested features. The first being employee self-service, which allows your employees to log in and access their current and historic payslips online. You can also have the system e-mail them when their latest payslips are ready. This is version 1.0 of self-service and future versions will include more advanced features such as leave requests and updating of the employee’s particulars.
SimplePay is ready for the 2010 / 2011 tax year
We’re pleased to announce that our clients and their employees can now see how their payroll will change in the new tax year. Payslips that fall in the 2010 / 2011 tax year will automatically meet the new legal requirements, while your payslips for the current tax year will still be calculated according to the current tax year’s rules, as you’d expect.