Is R 4,50,000 good salary in Cape Town
Given that taxes are as high as 40% in South Africa, what kind of life can I lead with R 4,50,000 per annum? I have to support my family that includes my wife and newborn child. We would like to rent in a safe area and need to buy a new car. I have my doubts if we can save anything at all from this pay.
Please help me make sense of it.