TCTC Calculator

🧾 What’s Included in TCTC?

TCTC typically covers:

  • Basic salary
  • Allowances (e.g. travel, cellphone)
  • Employer contributions to medical aid
  • Employer contributions to pension or provident funds
  • Other benefits (e.g. group life, disability cover)

đź©ş Medical Aid Implications

  • The employer’s contribution to your medical aid is included in your TCTC.
  • This means it’s not an “extra” benefit—it’s part of your total package.
  • If your employer pays R1,000/month toward your medical aid, that R1,000 is counted within your TCTC, not added on top of your salary A.

🏦 Pension Fund Implications

  • Similarly, pensionable salary is often a percentage of your TCTC—not the full amount.
  • For example, if your pensionable salary is defined as 80% of your TCTC, then your retirement contributions are calculated on that reduced base B.
  • This can significantly affect your long-term retirement savings if not properly accounted for.

⚠️ Why It Matters

  • If your pensionable salary is less than 100% of your TCTC, you may be under-saving for retirement B.
  • Understanding this distinction helps you negotiate better and plan more accurately for your financial future.

🧭 How to Use This Calculator

  1. Enter your TCTC: This is your full package—salary plus benefits.
  2. Enter your employer’s medical aid contribution: Monthly amount paid toward your medical aid.
  3. Enter your pensionable %: The portion of your TCTC used to calculate pension (e.g. 60%, 80%, 100%).
  4. Enter your pension fund rate: The percentage your employer contributes to your pension (e.g. 10%).
  5. Click “Calculate” to see your breakdown.
  6. Click “Export to PDF” to download a summary with strategic advice.

Use this tool to understand your real earnings, spot hidden risks, and prepare for HR or union discussions.

TCTC Benefit Calculator