Structuring renumeration in a tax effective way

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phil77

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My wife is starting a new job and she found the following clause in her contract:

"Employee shall be entitled to structure her remuneration in a tax efficient manner, provided that the Company shall not pay her more than the remuneration set out above."

This is a permanent role and I would like to know how she can achieve this. One way I believe is to get a motor vehicle allowance and then log mileage and get some tax benefits. Are there any other ways?
 
phil77 said:
My wife is starting a new job and she found the following clause in her contract:

"Employee shall be entitled to structure her remuneration in a tax efficient manner, provided that the Company shall not pay her more than the remuneration set out above."

This is a permanent role and I would like to know how she can achieve this. One way I believe is to get a motor vehicle allowance and then log mileage and get some tax benefits. Are there any other ways?
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Depending on her CTC, she can structure her package as a bursary. Only a portion though.
 
Most be a high up position. It just shows when you earn that amount of money they give you perks like structuring your own salary.
 
skimread said:
Most be a high up position. It just shows when you earn that amount of money they give you perks like structuring your own salary.
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Also explains what I long suspected, why these folks roll in the deep and its just poor saps like us plebs who have to pay the most tax.
 
skimread said:
Most be a high up position. It just shows when you earn that amount of money they give you perks like structuring your own salary.
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Depends on the company. A previous employer let even quite junior staff structure their salaries any which way they wanted, on condition that if they got into **** with SARS, it would be on them.
 
phil77 said:
It's about R110k a month. How would the bursary thing work?
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You need to earn less than 500k/anum for that to be allowed. People usually do this to cover tuition for kids as a structured bursary..
 
skimread said:
So you wife earns at least double what you do. :ROFL:

Must be tough on the ego
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I'd love that - I'm pushing my wife, she might have the drive to work, but lacks the drive to push her position.

Would be great for my ego too...
 
R1.32m PA is a low paid executive position in large companies. Nothing special about her salary so don't get excited.

After tax, you would be lucky to get R55 000 a month.
 
Gaz{M} said:
R1.32m PA is a low paid executive position in large companies. Nothing special about her salary so don't get excited.

After tax, you would be lucky to get R55 000 a month.
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I think you missed the purpose of this thread. She is trying to increase the R55000 you mentioned and she just needs ideas. That's all
 
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