This is probably one of the better long running threads on MyBB. Sure, there are guys that LARP in here, but most people seem genuine about it.This is a really weird thread. Didn’t your parents teach you that it’s rude to talk about your income with strangers
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Question of the Day: Have you ever been to an airshow?
How much money do you earn? And how do you spend it?
- Thread starter Sly21C
- Start date
Ja, ja, whatever excuse you need. Why don't you start a thread where you state the help you are willing to give? And why do you need to state how much you have earned everytime - why not just offer advice?
That's rich coming from you, with the amount of nonsense you drop in so many threads. Guess you still trying to find that happiness in life hey.
Maybe Cguy can help you.
Ok. You have never mentioned how much you are worth, and how you got there. My bad.
I have much more disposable income here in England than I did in SA. Not paying for health, education and security helps.
RedViking
Nord of the South
Only thing that makes me happy is coffee.
RedViking
Nord of the South
But the weather .....
But the weather .....
Meh, it’s not for everyone, sure. But if I get sick of it, I just go out to SA for a cheap holiday.
Binary_Bark
Forging
Wrong!
It's the second cup.
If you don’t like it, there’s the doorThis is a really weird thread. Didn’t your parents teach you that it’s rude to talk about your income with strangers
This is a really weird thread. Didn’t your parents teach you that it’s rude to talk about your income with strangers
It’s that sort of mindset that holds people back.
How much do I earn?Ja, ja, whatever excuse you need. Why don't you start a thread where you state the help you are willing to give? And why do you need to state how much you have earned everytime - why not just offer advice?
I'll bet it doesn't help as much as simply being older. The cost of privately sourcing those things is a relatively fixed cost so it goes down as your career progresses. In Cape Town you can live near a good government school and private hospital and pay about R 7k/month for those services. And you can pay nothing extra for security if you're happy to free ride off the neighbours.
Well, it's more than R7k p/m - your taxes also pay for those "services" you don't get. In any case, it's off topic to this thread and not the point I was making.
Nice charts. What is SV and tax - SV? Is this a defined contribution pension?
Is there an advantage to savings outside those mechanisms, e.g. is it similar to SA where you have a discretionary after-tax options that are tax shielded like the TFSA?
My parents also taught that me that you work for one employer and then get a pension that covers youThis is a really weird thread. Didn’t your parents teach you that it’s rude to talk about your income with strangers
. Many family members found out the hard way that RA (from insurers) are bad, that the shift from defined benefits to defined contributions is a totally different world, and that SA has no safety net means we have to look after ourselves. Talking to "financial advisers" only is a quick way to get fleeced if you're not careful since you have no education base to know what's good and they have a conflicting incentive to you.In developed countries you can still rely on the state/pensions/medical to some extent, but SA is far from that, so you need to talk to strangers about money in South Africa, there is no financial benefit to people on this forum, just some anonymous education.
thethirdman
New Member
- Joined
- Apr 19, 2021
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Long time since I posted here it seems, some action the last couple of days on here...
Current Gross 159 000
Had some medical aid upgrades as well, which is part of CTC
One thing I think everyone realise is, expenses keep growing
Schools
Food
Entertainment
Holidays
Medical
Savings
House maintenance
etc
Smiggles
Executive Member
This. Thread is just bragging rights and a swinging contest.This is a really weird thread. Didn’t your parents teach you that it’s rude to talk about your income with strangers
Johnatan56
Honorary Master
SV = Socialversicherung which translates as social security. I added a legend in that post:
But guessing it's because I said tax and one without tax. All the "tax - X" are just directly paid by employer, I probably shouldn't call it tax except that they're all non-voluntary. It's just employer contribution. Other SV is from my own salary that I see on my payslip.
So SV pension can be calculated here: https://pensionsrechner.arbeiterkammer.at/pkr-on2/ , just kind of complicated, but it should end up with me getting about 3.9k EUR net (90%) in today's money at the moment, which would be fine as by that time either property paid off or in city housing.
You can save outside of that, your prerogative, but not many do. Austria ranks badly in pension rankings because they do not have a private thing on top that's tax deductible, private pension funds hate it and go that's bad, when actually it's good as it's state backed no matter what happens. There are arguments about unsustainable and stuff, but this is actually not true, it's due to the old pension system where the state didn't pay their part back in the 70-90s, so pension as % of budget will be like 18% in 2040 (currently 23%, think it will balloon to 26-28% by 2032 or so at cap and shrink down by 2040).
Note that it caps at about my current income, so over that, you just put it into savings / investments, it's not a pension thing. This only affects top 5% of income earners I think, and you do not pay more into SV, so it's just affected by income tax. KESt (capital gains) is at 25-27.5%.
Medical, state covers everything, annoyance is more queues for stuff, you can wait like 6-9 months for hip surgery, that's the longest wait time. Friend had knee surgery, that's the third longest, they said up to 6 months, but his appointment was actually 3 weeks later (his QoL was impacted a bit as couldn't do sport, so he jumped the queue, but not enough that he couldn't walk around or anything, so queue is actually fine imho, it is improving, it's cyclical).
UIF is generally decent, just not for my earning as tax on it is odd, but that's a different rant due to how tax calc works. For anyone under top 80% it's good. It's generally 55% of net income the last 12 months (that includes 13/14th check) capped at ~1800 net (they still pay full SV). If you have rent, you can also ask for them to cover it if funds aren't enough for rent + food + reasonable living amount, friend did this. Note it gets topped up by minimum insurance everyone gets, it's at around 1200 EUR at the moment (friend is using it while triyng to get start-up off the ground for 6 months).
KommSt is because I live in Vienna, goes to city housing, this is actually good for me as well even though I am not using (qualify till ~5k net per month, so I'll apply next year probs, didn't before as had ex who earned ~75k gross), it's designed that like 90% of people can get it, so you don't get ghetto. They're actually very nice, priced at something like 11 EUR/m^2 if higher income earner, but modern (efficient heating, and usually includes other amenities depending on the place, my link is a meh one, which is why it's available since 2024). This keeps private rent in check as well, that's how my rent is just 1k for 80m^2 for a mostly modern apartment in a western European city.
Johnatan56
Honorary Master
Then don't post?
For me it's informative as to how income is structured / what people consider the norm for a salary bracket. I can see what about is the norm for expenses in what income class, and what jobs about pay that, so can use that for advising friends a bit better what they should be asking and stuff.
For those looking at overseas ones, they show what income reality is a bit more for those places. My salary is not an out of the ordinary one for a software dev here, it's at the higher end sure, but it's what you'd definitely hit by 40's. so can see is that maybe an interesting place to try out. Same for UK, lots in South Africa want to emigrate, knowing what is a normal cost there, seeing what do I think is comparative to me, helps make a more informed choice, especially as most will have a similar South African background so priorities will often be a little closer matching.