Hi guys, I'm currently on the road, but I'll be with you shortly, respond, etc. Answer about retirement annuity: "There are times when you could increase it significantly to a max of 27% of CTC, so I just did for the period. But it’s usually 18% on a monthly basis. So it’d be around 48k, But people usually take the minimum - 13%, that’s why this might seem odd cause I’m paying double."
@@nkosikhonamthethwa2895 Getting it in record time is not a problem, the problem is getting your degree WITH the exemptions that determine your starting earning potential...Getting exemptions is a lot harder than just getting the university pass.
What kind of thinking is this? Do you think all 700K±students who are doing their matric can get straight A's? With what resources? Or you're only thinking about the kid that's at a Hilton or St John's 🤔@@JabulisileMangwane
Imagine finding out that your company was underpaying you so much through a RU-vid channel and other people are your level are getting almost 3x your salary 😢 her god works overtime. Glad she left
This is absolutely one of the reasons I always told my classmates to know hwo much tosettle for immediately after getting your degree.Don't settle for less or say whatever you are offered after uni . Never,do not be desparate ,know your worth
Even if you work at the same company doesn't mean we will earn the same salary. You don't get paid what you deserve, you get paid what you can negotiate. Life isn't fair, so you have to keep looking and learning to barter for a better pay.
@@liferesetwithboni I agree it's sad, it's not enough to do good work, you have to play the game and always look to increase your salary. These actuary salaries look super enticing.
My sister... Please tell people that if they don't make it in getting straight into Actuarial Science, they can do a degree in Mathematics and then write actuarial exams with ASSA. however they need to perform well and it will take A LONG TIME
@@liferesetwithboni Math degree? If yes, then Math majors often struggle to find employment because their skills are highly technical and may not directly align with the needs of many industries. Additionally, employers may not fully understand the value of a math degree and may prefer candidates with more practical or specialized backgrounds. I have a Math degree as well, and I'm now a Software Developer, which is totally different from what I have studied. If I could, I would advise Math majors to do something different, or not end at BSc Maths, they need to do their post grad in a specialized field.
If you are doing STEM stay in school to study furthur. Other qualifications are not economically driven by demand and scarcity. Actuarial science its advanced mathematics and statistics + investment sciences. They design the insurance products using risk analysis forcasting etc. So surely they will get a piece of the billions the insurance industry is making.
That’s why it’s important to discuss salaries at work. We really do undercut ourselves by keeping it private. Especially when we have the same experience and qualifications. I see it with Wh#te counterparts. They get paid almost 2x with less qualifications and less experience.
Sis Bobi, pleasee continue sharing these payslips so that more people can have something to compare to. These companies have a tendency of underpaying employees
I keep getting hateful comments under the doctors salary video, saying I have blood in my hands for sharing how much doctors earn and now they are being kidnapped.
Great content. I would like to give some potential insights for the last payslip. 1 - Statutory Actuary is a very senior position in a life insurance company with specific regulated responsibilities (actually and mostly an executive position). By law, every company requires one and can't be the CEO or CFO. 2- The Retirement Annuity payment looks to me like some sort of back pay, either a buyout bonus where it was agreed that it'll be paid monthly or something like that. The reason is that a) it is under earnings and not deductions, and b) In SA, contributions to RAs are capped at R350k pa (88kx12 will be much above that). Hope this helps.
My brother has an Actuarial Sciences Honors degree...went on to his MBA at IE University in Madrid....last year he graduated from Wharton Business School (US) and just last week his an Alumni of the Harvard Business School...the last paycheck was a regular thing to see at home (his kind of messy)... I would burn them up.😂😂😂😂 One career I would advise the lounging to go for outside of being a tradesman in SA.
Most people are not qualified and they take home 25-35k a month, 80%+ fall in this category. The payslips showed here are the top 10% in the career. It's a double edged sword, you complete exams you become rich, you don't complete, then you end up poor and you generally will not be considered for high paying positions.
When you're an individual tax payer, the government seeks to encourage you to save for your retirement. If you have a retirement annuity (RA), a percentage of your yearly RA contributions can be claimed from SARS and it's called a deduction.
I Work for a Mining operation, to think,in 10 year's, with just a Matric,and driver's license, fortitude and a bit of luck, you can match An Actuarial analyst, is wild.
Hi sis Bonii. I’m currently in matric and qualify for both Accounting and Actuarial sciences, According to you, which degree can earn me the most money after qualifying?
@@liferesetwithboni thank you so much for replying, I’m passionate about both, so I’m now considering the money factor 😭😭 which would you say has the most potential to earn me the most money?
You spend 12 years +4 years + to earn 100k plus,, while i make 500k online every month am still in high school 😂,,, stop flexing your income,, while millionaires don't show anything 🙌
Who's flexing? also, I don't think Multi Millioneres have time to tell others that they are multi millioneres on RU-vid unless they are looking for people to scam.
Level 7s in Math, Physics (if it is one of your subjects), English FAL, and if it is English HL, at least level 6. If you took the commerce stream in high school, your Economics, Accounting, etc. need to be at level 7. Generally, universities require AT LEAST 42 APS points. This could mean that you would need to get at least 5 level 7s, and it would be great if you get them on the important subjects I have outlined for standing a chance. Never get anything below level 6 on the remaining ones. It is very much doable with hard work and dedication.
if you are not in a rush or you have level 6 in math do a math degree at UP with Statistics electives (for data science opportunities) and then maybe get a Bsc Hons math/actuary at wits or UP
I'm so sorry sisters, as a Bachelor of Commerce graudate 2019 been unemployed and no internships since then, my aplogies i had to unsubscribe to your channel as its giving me chest pains 😔
I'm very interested and fascinated with Actuary science. I want to know the career roadmap of an actuary in south africa in 2024. for context: I'm currently doing a double major bachelor degree in Mathematics and Computer science and i want to do a BSc Hons mathematics after graduating so i can crossover between software development and being an Actuary.
