Getting back from the Taxman

The end of the 2020 tax year is fast approaching with many of our clients looking to maximise the benefits afforded to them by the tax man. This can be done by “topping-up” your retirement annuity and tax-free savings account. Retirement Annuities Currently all...

Unravelling your residencies – exchange control, tax and citizenship

Unravelling your residencies – exchange control, tax and citizenship South Africans who live and work abroad are not currently subject to income tax on the income they earn outside of South Africa, provided they spend more than 183 full days (including a continuous...

TFSAs – maximising retirement income, minimising estate duty

Author: Paul Hutchinson Sales Manager | Investec Tax free savings accounts (TFSAs) are a great initiative from government to encourage savings in South Africa. Jaco van Tonder,1 Advisor Services Director at Investec Asset Management, has previously discussed how to...

New laws on income tax for South African expats

We have had many questions from concerned clients around the new laws on income tax for South African expats.  We take a closer look below. The new law states: “There shall be exempt from normal tax any form of remuneration to the extent to which that remuneration...

GETTING BACK FROM THE TAXMAN – T2019

Retirement Annuities As the end of the current tax year approaches, it may be a good time to consider an additional ad hoc contribution to your Retirement Annuity so that you can make the most of the annual maximum tax deductible amount allowed by SARS.   Perhaps...

Budget Speech 2018/19 Tax Year

Finance Minister Malusi Gigaba’s maiden Budget Speech delivered on Wednesday, 21st February saw him make “difficult decisions” to address a revenue shortfall and to fund free higher education. Below is a note from tax expert Tony Davey on the highlights from the...