How to Structure a Salary Package in South Africa for Maximum Tax Benefits and Employee Perks
To structure a salary package in South Africa, use the cost-to-company model. Include basic salary, performance bonuses, and employee benefits. Make your remuneration policy clear. Adjust the package for the job position and company policies, while optimizing tax advantages and contributions to the retirement fund. Incentives like performance bonuses and profit-sharing arrangements can enhance motivation. … Read more