WHAT ARE YOUR OP­TIONS?

Weekend Argus (Saturday Edition) - - PERSONAL FINANCE -

Your em­ployer can pay you a taxfree re­im­bur­sive al­lowance, at a rate set by the South African Rev­enue Ser­vice, for up to 8 000 km you travel each year.

If your travel al­lowance is re­garded as non-re­tire­ment­fund­ing in­come and your em­ployer con­verts your travel al­lowance into re­tire­ment-fund­ing salary, the con­tri­bu­tions you and your em­ployer pay to your re­tire­ment fund could in­crease.

Al­though this may be a good thing, it could re­duce your take­home pay.

If you are not in the habit of keep­ing a log-book but will need to do so from next year, you may want to con­sider us­ing an elec­tronic log-book.

At least two providers are of­fer­ing a ser­vice that en­ables you to keep an elec­tronic record of your busi­ness trips.

White Wall Web’s Trav­el­log­ger (www.trav­el­log­ger.co.za) is a free web­site, and you can also log into it from an in­ter­net-en­abled cell­phone.

Mo­bile Gate­way’s Trip­sheet (www.trip­sheet.co.za) al­lows you to record your busi­ness trips on your cell­phone as you make them. You can then ac­cess your log­book on its web­site.

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