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The UK government is made significant changes to its tax system on the 6 April 2025, abolishing the remittance basis of taxation and shifting to a residency-based system.
For the second year in a row, Treasury has left personal income tax brackets and rebates unchanged – effectively handing South Africans a stealth tax in this year’s budget. It will be felt in the take-home pay of salaried workers, particularly those in the lower to middle-income bracket, warns Allan Gray’s head of Tax, Carla Rossouw.
As we wait for the 2025 Budget Speech to be approved in South Africa, we look back with some longing on the boring and predictable Budgets of the past. Institutional investors, the kind the country is desperate to attract, loved them.
As we enter a new tax year this March, it’s the perfect moment to refresh your financial strategies and set the stage for a prosperous year ahead.
Are financial advisers ready for the combined impact of COFI and AI?