Tax

Less than 2 weeks to go to ring fence your profits from the taxman

The shrinking personal income tax base

Personal Income Tax (PIT) collection, the largest source of tax revenue in South Africa, has fallen in recent years. Between 2003 and 2012, the number of PIT taxpayers grew by 7.0%.

Rewarding tax benefits

Investing for retirement through a retirement annuity (RA) is an effective and rewarding way to save for retirement because of the unique benefits offered. The most significant benefit is the fact that you can enjoy unparalleled tax savings, which you can use to boost your retirement savings.

What you need to know about a Tax-Free Savings as the current tax year closes

We are fast approaching the end of the tax-season and like the rest of your investment portfolio, this is an opportune time to look at your Tax–Free savings account (TFSA) portfolio and identify how you can take advantage of savings incentives created by National Treasury to encourage investing culture.