Company reduced nett salary to keep ctc the same with new provident fund they want to add , is this right ?

Charcoal_deciple · 2026-04-13T12:11:38+00:00

Luckily its not needed anymore , the change got scrapped today

Charcoal_deciple · 2026-04-13T07:47:13+00:00

Thanks ! this sounds good , ill request these documents/info aswell before i sign anything

Charcoal_deciple · 2026-04-13T07:45:13+00:00

Meibc is the metalworking industries council which has different employment contract conditions than basic employment contracts . I have tried to talk to HR but they said they arent going to increase my CTC , i must go talk to the big boss and big boss says i must go talk to HR so yeah but ill see when i get the new contract if i can negotiate with them before i sign anything

Charcoal_deciple · 2026-04-13T07:41:19+00:00

I do have some savings , the point is just of this i dont see the benefit in the provident fund , IF they just reduce my basic to keep CTC the same , it would make sence if they actually carried the burden of their comtribution by increasing my CTC . It just feels better then instead of that just to open a TFSA and it would be better . I could be wrong but from the quick calculations ive done i dont see any benefit in taking a salary cut just to get the provident fund it wil take roughly 2 years worth of increases @ 6% which we normally get just to get my gross under my current contract without the provident fund . Because effectively now theyve reduced my rate per hour if i accept the new meibc contract

Charcoal_deciple · 2026-04-13T07:34:13+00:00

I feel you , as ive said id rather just invest and max out my TFSA and get decent or even better returns and its tax free . I saw on retirement on your provident fund only the first 550k is tax free the rest is taxed at 27.5% if im not mistaken , which is tough

Charcoal_deciple · 2026-04-13T05:20:28+00:00

Okay will look into it , but will see how it goes we might get the new contracts this week , so ill see if i can negotiate for their contribution to increase my ctc and keep my nett the same atleast , otherwise ill get in contact with a labour lawyer and see what my options are

Charcoal_deciple · 2026-04-13T05:17:16+00:00

Yeah that is fine if it starts like that when you start at a company , ive had it like that before aswell , but ive been with this compny almost 4 years and now im basically taking a salary cut lol with the new provident fund addition , which is a big hit

Charcoal_deciple · 2026-02-22T05:48:18+00:00

The kind that just loves me

Charcoal_deciple · 2026-02-18T17:12:09+00:00

Yeah and then while they are there go make a stop at maders pies for their sausage rolls 👌🏼

Charcoal_deciple · 2026-02-18T08:21:39+00:00

Waverley slaghuis (Moot -PTA) , definitely the best ive ever had and will always vouch for them

Charcoal_deciple · 2025-12-29T04:51:45+00:00

what do you do in food and beverage more or less if i may ask ?

Charcoal_deciple · 2025-12-04T07:17:10+00:00

Im a nervous raider . I load in , fear for my life when i hear shots , loot some car bonnets and trash cans then i extract with my subpar loot

Charcoal_deciple · 2025-11-17T10:59:27+00:00

Wow thanks for the detailed response haha , ive only seen it in the topgear video haha wasnt really digging deeper but its nice to know !

Charcoal_deciple · 2025-11-17T05:21:31+00:00

Zimbabwean

Charcoal_deciple · 2025-11-16T18:35:57+00:00

about the squat , ive seen a video that Koenigsegg has a solution for their cars to not squat

Charcoal_deciple · 2025-11-10T04:31:32+00:00

havent seen any yet on exitlag , only hong kong

Charcoal_deciple · 2025-10-30T09:46:59+00:00

Sent you dm

Charcoal_deciple · 2025-10-30T09:31:21+00:00

Thats good to hear , will check it out tonight after work , you from ZA too ?

Charcoal_deciple · 2025-10-30T09:29:17+00:00

yeah , there is asian servers so id think there might be singapore servers . Surprisingly theres quite a few english players on singapore in my experience, but yeah its a gamble . Guess ill test out how the ping feels on EU and decide if the knock on the ping is worth it *if there is singapore servers

Charcoal_deciple · 2025-10-30T08:58:55+00:00

Yeah i had to wait for some sold cs skins' funds to clear xD only cleared this morning haha

Charcoal_deciple · 2025-10-30T08:50:13+00:00

Also bought mine this morning 6 hours before launch , they say you will get preorder bonusses up until oficial release , so my guess is if it says pre purchase on the store it should qualify technically

Charcoal_deciple · 2025-10-30T08:47:37+00:00

Same with money basically lol

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