Saver Option
Saver Option Contributions for 2024
Your contribution is automatically deducted from your salary/pension and covers you for the full month, even if you resign part of the way through the month.
TCOE
| Breakdown | Member | Spouse | Child | Additional adult |
|---|---|---|---|---|
| Risk | R2 502 | R2 467 | R762 | R2 467 |
| Savings | R487 | R481 | R149 | R481 |
| Total contribution | R2 989 | R2 948 | R911 | R2 948 |
NON-TCOE
| Breakdown | Member | Spouse | Child | Additional adult |
|---|---|---|---|---|
| Risk | R657 | R622 | R102 | R2 467 |
| Savings | R487 | R481 | R149 | R481 |
| Total contribution | R1 144 | R1 103 | R251 | R2 948 |
Additional adult
A child over the age of 21, but under the age of 25, who is unmarried, unemployed and a full-time student, OR the parent of the principal member who does not receive an income greater than the social pension and who is financially dependent on the member.
Total Cost of Employment (TCOE)
Total Cost of Employment (TCOE) calculates the true value of what it costs Woolworths or Truworths to employ you. This amount will therefore include all contributions the company made on your behalf as well as other permanent benefits.
Non-TCOENot on Total Cost of Employment