TERS: 8 key updates for employers

It is not yet clear whether the application period will be for the full 6 week period or whether it will be split into two separate application periods: July and August. This should be clarified in the amendments to the TERS Directive which are yet to be gazetted or published on the DEL website.The UIF has indicated that the April and May application process for TERS will close on 30 July 2020 for new applications.

The UIF has advised that it is in the process of migrating this manual submission process to the online application process. The UIF predicts that this system will go live by mid-August. The bank account verification process distinguishes between banks that are part of the process and banks that are not part of the process . The UIF is quickly able to verify bank accounts with those banks that are part of the process. It is more cumbersome for the UIF to verify bank accounts with those banks that are not part of the process. This is a manual process and the UIF uses ABSA bank to make contact with the relevant bank to verify the banking account.

In order to resolve this issue, the UIF is working with a company called Interfile to obtain the outstanding UIF declarations for foreign employees. Once this information has been obtained, the UIF will process the applications. However, it is important to note that this it is only possible for the UIF and Interfile to do this if the employer has an existing uFiling account .

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