The Tax Consulting Podcast

Bracket Creep: Does Your Salary Increase Actually a Loss? | PowerFM | Tanya Tosen

TAX CONSULTING SA

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

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