Library wiki
Gross-benefit trap
Headline replacement ratios ignore offsets for other income, pension contributions, medical aid, UIF, tax treatment, and payment route. Net entitlement can differ materially from the quoted percentage.
Where it is defined
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Policy trap
Headline replacement ratios ignore offsets for other income, pension contributions, medical aid, UIF, tax treatment, and payment route. Net entitlement can differ materially from the quoted percentage.
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Policy trap
Benefit % is not final until earnings definition, caps, offsets, and tax are checked.