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Bracket Creep: Does Your Salary Increase Actually a Loss? | PowerFM | Tanya Tosen
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Bracket Creep Explained: Does Your Salary Increase Costing You?
Are you really earning more after a salary increase, or is Bracket Creep reducing your take-home pay? Tanya Tosen, Master Mobility, Tax, and Remuneration Specialist, joins PowerFM to break down this hidden tax challenge.
Key discussion points:
2:02 – 03:03 What is Bracket Creep?
03:04 – 04:46 Direct implications and consequences of Bracket Creep
04:47 – 06:35 How salary increases can leave taxpayers with less money
06:37 – 07:03 Who is most affected by Bracket Creep?
07:04 – 08:17 Standard employer practices and their impact
08:18 – 09:30 How to mitigate Bracket Creep and optimise salary structures
09:31 – 10:52 How SARS reviews tax benefits and employer structuring
10:53 – 12:02 Are employees financially worse off, or do they break even?
12:03 – 15:27 The benefits of a higher Cost to Company approach
15:28 – 18:06 The difference between tax planning and tax evasion
Do not let Bracket Creep erode your salary - read our in-depth article here: https://bit.ly/43Dbilq
#BracketCreep #SalaryIncrease #TaxTips #FinancialPlanning #Hot1027FM #SouthAfrica #Taxation #IncomeTax #WealthManagement #TaxConsulting #FinancialWellness
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