Optimise Your Wealth Before Tax Year-End
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Get in touch with our investing professionals and plan your tax-smart investing strategies today.
Why act now?
Three reasons to act on your RA now
Tax year-end is a critical window to ensure your retirement annuity (RA) is working at its peak potential. To claim the tax benefit for a particular tax year (which runs from 1 March to the end of February the following year), contributions must be made before the tax year ends. An RA is one of the most powerful tax-efficient tools available. However, not all RAs are created equal. Take a moment to evaluate your current structure.
Immediate tax advantage: Maximise your deduction
RA contributions are tax-deductible up to 27.5% of taxable income, capped at R350,000 per tax year. For high-income earners, this presents an unparalleled opportunity to:
- Reduce your taxable income this year.
- Generate a larger tax refund (or reduce your tax liability).
- Carry over any excess contributions for deduction in future tax years.
A final, lump-sum contribution before year-end can fully utilise this annual limit, offering an immediate and substantial tax saving.
Grow your wealth: The promise of tax-free compounding
The core benefits of an RA are:
- Tax-efficient growth: returns, from interest, dividends, or capital gains, are exempt from tax while invested in the RA.
- Creditor protection: RA assets are generally safeguarded in the event of bankruptcy, providing a secure long-term legacy.
Critical review: Not all RAs are created equal
Avoid the cost of inertia. Traditional RAs often come with high, opaque fees and rigid structures that erode long-term wealth and limit flexibility.
In contrast, platforms with low, transparent fees, strong track records of inflation-beating returns, and modern flexibility—empower investors to maximise the opportunities for compounding and financial growth.
Your next strategic move
Speak to your Anchor wealth manager today
Your RA should be an active component of your holistic wealth strategy. With the tax year-end imminent, decisive action is essential.
We invite you to schedule your obligation-free review to cover three key areas:
- Optimisation check: Determine your maximum tax-deductible contribution to be made before the deadline.
- Health check: Compare your current RA’s fees, performance, and investment mandate against the best-in-class solutions available.
- Futureproofing: Ensure your investment portfolio within the RA remains strategically aligned with your long-term goals and risk appetite.
