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Q&A: If I retire early, will I qualify for UIF?

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Q&A: If I retire early, will I qualify for UIF?

My husband has been employed for about 30 years. He wants to retire early – will he qualify for UIF?

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My husband has been employed for about 30 years. He wants to retire early – will he qualify for UIF?

The UIF was set up to provide relief to employees who are between jobs and women who are on maternity leave (in this case, neither are applicable). If you do qualify, the UIF will pay unemployment benefits, illness benefits, and death benefits.

You must apply to the Department of Labour for unemployment benefits within six months of becoming unemployed if you want to claim unemployment benefits. You can then claim benefits for a maximum of 238 days, depending on how long you have contributed to the UIF.

You cannot claim if you resign from your job, but you can claim if you were on a contract that ended – as long as the employer terminated your services.

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Sonwabile Mdondolo

Sonwabile is a Regional Wealth Manager at Inkunzi Wealth. He regularly comments about money-related matters on various newspapers, radio and television. Sonwabile runs a popular Facebook Page (Ask Sonwabile) that tackles individual questions about money and wealth.

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