Structuring renumeration in a tax effective way

[Snyper564]

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

AS WE SAID, pay a professional to do this,

 

[phil77]

AS WE SAID, pay a professional to do this,

Thanks man.

 

[phil77]

Thanks for all your responses. Will try a tax consultant

 

[Snyper564]

Thanks for all your responses. Will try a tax consultant

Perfect, approach esp if she is earning that. It should be money well spent!

 

[xrapidx]

After tax, you would be lucky to get R55 000 a month.

What tax bracket is 50%?

 

[Gaz{M}]

What tax bracket is 50%?

R110 is gross pay. You have to deduct retirement funds etc and only then apply income tax to the remaining amount. R55k is the take home pay.

 

[xrapidx]

R110 is gross pay. You have to deduct retirement funds etc and only then apply income tax to the remaining amount. R55k is the take home pay.

I know how it works - you said after tax. Retirement contributions are still your money.