Section 12 J gives RAs a run for their money
24 February 2017
As the tax year-end looms, tax-payers, especially those who have a high-taxed income and investable cash, shop for an investment vehicle for their lump sum investments. In the past RAs have been the most common option due to their tax benefits, but since extended limitations have been put in place, i.e. investment into a RA is limited to 27.5% of taxable income at a maximum of R350 000.00 per annum; a new tax-smart alternative has emerged.