Archive for May, 2010

Pension / Provident Funds

Liberty Corporate – At a glance

Do you have a retirement fund in place?

When last was your fund reviewed?

- Is it structured efficiently for the size and nature of your business?

- Are you maximising the tax relief available to employers who contribute to retirement funds.

- Are your employees receiving regular communication in respect of their benefits?

- Do you know who administers your fund? Are you satisfied with your current service levels?

- Do you have information readily available e.g. up to the minute returns on investment portfolios and immediate access to member and fund information?

What if you had no retirement fund in place?

Your business could be impacted

- Has your company ever had to provide some sort of benefit when a staff member has retired, died, become disabled or been retrenched? If so, what impact did it have on your bottom line?

- If a valued staff member retired, died or became disabled and you could not provide any benefits to them or their family, consider the impact it would have on the morale of the rest of your staff.

VIP Payroll

Our services encompass a payroll processing bureau in compliance with Sars and Dept of Labour and all other statutory requirements. We will communicate with your HR manager and compile the information required to process the payroll.

The information will be processed onto our payroll system. We can provide electronic data import file to import into your banking system for ease of salary payments through your electronic banking system. We will provide payslips and the required schedules to you once payroll has been processed. The monthly submission of Emp201 as well as Mibco returns will be submitted thereafter. Please be advised that information is kept confidential and security payslips are also available.

Our quotation is as follows:

1. New Employee takeon: Our once off fee per employee: Estimated number of employees: Estimated once off cost:

2. Monthly Payroll Processing: Our fee, per employee per month: Estimated number of employees: Estimated monthly cost:

3. Payslip Stationery. Normal paper printed payslips amounts to: Security printed payslips amounts to:

4. Submission of monthly Emp201 returns

The Price of Motherhood

The Price of Motherhood

Time off from work affects retirement savings

The role of motherhood, which is so vitally important to the fabric of our society, is the reason many women find themselves more financially vulnerable in their later years.

Mothers tend to stop working in order to raise their children and even if it is just for a short period of time, it has an enormous impact on their retirement savings. Even when a mother returns to the workplace, she may choose a less demanding position in order to have a balance between family and work, further reducing her ability to provide for her retirement. Let’s look at the numbers…

Return top

Keep in touch!

info@makolia.co.za ; Skype: makolia.info ; Tel: 011 213 4000 ; Fax: 011 854 2313