Insights

Benefits and allowances inside a package

Every component of a package has its own tax rule, and those rules decide how much of the employer's rand the employee actually feels.

Cash allowances

Travel allowances are taxed on a prescribed portion each month with the final position settled on assessment against a logbook. Subsistence allowances are exempt within daily limits. Most other allowances are fully taxable.

Funded benefits

Retirement and medical benefits split into employee and employer portions. The employee portion reduces pay and may reduce tax; the employer portion adds cost and may itself be a taxable fringe benefit — see benefits and allowances.

Non-cash fringe benefits

Company cars, employer-provided accommodation and low-interest loans are valued under prescribed rules and taxed even though no money changes hands. Employees are frequently surprised by the PAYE impact of a company vehicle.

Frequently asked questions

Is a travel allowance worth taking?

It depends on genuine business travel and whether a logbook is maintained. Without business kilometres, an allowance is simply taxable cash with extra administration.

Does a company car reduce my take-home pay?

It increases taxable income through the fringe benefit value, so PAYE rises and net pay falls even though the benefit itself has real value.

Are employer medical contributions taxed?

Employer contributions to a medical scheme are generally treated as a taxable fringe benefit for the employee, with medical scheme fees tax credits then reducing tax payable.

Check how your package is taxed

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Related topics

  • Benefits & allowances

    Travel, cellphone, medical, retirement and other package components and their treatment.

  • Package structure

    Structuring packages: guaranteed pay, variable pay, benefits and flexible components.

  • PAYE

    Pay-As-You-Earn: how employees' tax is calculated, withheld, declared and paid to SARS.

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