As the 2017 tax year draws to a close, many of you may wish to make final ad hoc contributions to your retirement annuities and tax free savings accounts. Below we discuss the maximum contributions you can make to fully utilise your tax allowance. RETIREMENT...
Exciting changes for retirement funds from T2017 New rules, legislated by the Taxation Laws Amendment Bill of 2015, which are designed to harmonise the tax treatment and annuitisation requirements for all types of retirement funds (ie pension, provident and retirement...
Your minor child and the taxman – Allan Gray – Issue no. 172 – Commentary by Carla Rossouw, tax specialist, Allan Gray Investing on behalf of under 18s Investing on behalf of your children is a generous act of foresight and, if you can afford to do...
When investing in a unit trust or share portfolio there are generally two types of returns an investor can expect to earn, i.e. income and capital growth. Income earned can be received in the form of Interest & Dividends from Unit Trust funds or shares. Tax...
South Africans are notoriously bad at saving. We overspend regularly and invest too little. To encourage us to manage our money better, government is introducing tax-free investments. These accounts are intended to be long term saving vehicles, designed to help us...
Budget changes – highlights and proposals relevant to the financial planning environment. Personal Income Tax The Minister proposed that the personal income tax rates increase by one percentage point from the second bracket upwards. This will result in increased...
