Donât underestimate your benefits as an employee
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As this month is is Workersâ month, letâs look at what you may be receiving from your company in the way of employee benefits, which may be more substantial than you realise, and must be taken into account for financial planning purposes.
Your employer may be subsidising your medical scheme contributions and your contributions to a retirement fund (pension or provident fund).
If you are a member of an occupational retirement fund, a small part of your contribution will go towards group risk cover: this is insurance that covers you for death or permanent disability and, in some cases, dread diseases, such as cancer and stroke.