Before the tax year comes to an end, there are a few things you can do to make the most of your tax benefits. But remember: investment decisions should never be done purely to receive these benefits.
February marks the end of the tax year for South Africans, and there are a number of things you can do to be smarter about your tax. However, please note: I am a taxpayer and not a tax professional. You may want to consult a tax professional around your personal situation. If a tax professional is out of your reach, chat to Sars. I have only ever found them to be very friendly and extremely helpful (even offering pointers on how I could reduce my tax liability).
First up is the contribution to the pension scheme you’re involved in. This could be your employer’s pension or provident scheme and/or a personal retirement annuity (RA). The first 27.5% or R350 000 (whichever is smaller) of your income can be paid into a pension scheme and will be deducted from your taxable income. You can pay in more, but if you exceed these limits, you won’t receive the tax benefit.
この記事は Finweek English の 7 February 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Finweek English の 7 February 2019 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
THE HEALTH OF SA'S MEDICAL SCHEMES
As the Covid-19 pandemic abates, finweek takes a look at the financial performance of some of the largest players.
The effect of Gilbertson's departure
With Ntsimbintle Holdings now the major shareholder of Jupiter Mines, it could change SA’s manganese industry.
Making money from music
Why investors are increasingly drawn to the music industry.
Conviction is key
Sandy Rheeder plays a critical role in Mukuru’s mission to open up financial services to the emerging consumer market in Africa through tailor-made technology solutions and platforms.
The post-pandemic toolkit
How CFOs can use technology to support growth.
Big city living exodus
Mini cities like Waterfall City and Steyn City are redefining city-style apartment living.
Big compact, big value
Handsome, with a hefty level of standard specification, the roomy Haval Jolion compact crossover is a great value proposition.
On barriers to entry
There are various ways in which a company or sector can achieve competitive dominance. They usually make for good investments.
Fear and greed in one index
To buck the trend, when markets are hot or cold, is a tough thing to do. However, it can deliver solid returns.
Africa's largest data centre facility coming soon
Vantage Data Centers plans to invest over R15bn for its first African data centre facility in Attacq’s Waterfall City.
