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Most South African consumers have not yet utilised their tax free savings benefit for 2016, and they only have until 29 February 2016 to make use of their annual R30 000 contribution limit into a tax free investment of their choice. With only a few days before the conclusion of this tax year, those who manage to make use of this opportunity will be pleased they did so when they receive the earnings.
Confusion is never a good thing. If one has to ask the opinion of a number of people, without giving them relevant context or direction about the opinion you are asking them about, you will most likely get a hundred different viewpoints on a topic; added to this are the plethora of questions or concerns.
With just a few short weeks before the first tax-free investment year-end on 29 February, South Africans are urged to make full use of the tax-free savings and investment opportunities available, particularly in the face of rising costs and increased financial pressure that look set to continue in 2016.
Real estate investment trusts (REITs) are subject to a special tax regime in South Africa.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?