These days your salary package is quoted as cost-to-company. This means that your actual pay as well all the benefits should not exceed the CTC amount. It gives you some flexibility in deciding in how your salary package will be structured but it can be confusing at times, especially if you are not financially-inclined. The question that most employees have is “how can I get the highest take-home pay while paying the least amount of taxes?”. Your retirement annuity, pension/provide fund contributions, medical aid and income protection are some of the tax deductions that provide you with financial protection.
Keeping your heart healthy is a concern for most of us these days. Heart attacks and other forms of heart disease are among the top killers in South Africa. And many of these conditions could be prevented with early intervention. While we all know the importance of balanced eating and exercise, there are other simple ways to keep your heart healthy. Some vitamin and mineral supplements are known to be good for your heart – coenzyme Q10 (CoQ10) is one such micronutrient. It should be used alongside medication and in conjunction with lifestyle changes that can keep your ticker pumping for as long as possible.
Most of us in South Africa have come to accept that medical aid is a matter of necessity rather than an optional extra. If you want to access private health care services, be it your GP, a specialist, blood tests and scans or treatment in a private hospital, then medical aid is the only means to afford this level of care. But newer financial products that will help you fund your private healthcare needs are constantly emerging and medical insurance is slowly gaining ground in the South African market. Will it replace medical aid someday? Highly unlikely but medical insurance is a cost effective option for South Africans who cannot manage with the ever-increasing costs of medical aid contributions.
These days it is practically inconceivable to be without medical aid. But with diminishing benefits and rising contributions, medical seems unaffordable at times. If you have decided that you need medical aid cover then shop around carefully. The fact is that most medical aids offer pretty much the same benefits for similarly priced plans. But your needs and budgets should be factored in before you select a medical aid plan that is just right for you. Here are some tips on how to find the best medical aid.
We all want to ensure that we have the maximum cover for funding our healthcare needs should the situation arise. While medical aid is the primary option for doing so, it may not always pay for every service, procedure, test or drug. Sometimes it is related to doctors who charge above the rate that the scheme will pay. At other times a medical aid may feel that a procedure is unnecessary or that they are only willing to cover a generic drug. Whatever the case, South African medical aid members are finding that they have to frequently top up on bills from their own pocket these days.
Food allergies are a well known medical condition. It occurs when the body reacts very rapidly to the presence of certain foods that you eat if you have an immune sensitivity to these foods. The symptoms are quick to develop and usually intense. However, most of the allergies that we see in everyday life are due to substances being inhaled. Food allergies are significantly less common.