Don’t Leave Tax Savings on the Table
The tax year-end is fast approaching—now is the time to ensure your retirement annuity (RA) & Tax-Free Savings Account is working as hard as you do.
What options do I have to optimise for tax?
Tax-Free Savings Accounts
You can invest a lump sum into a tax-free savings account (TFSA) before the end of the financial year. The annual limit is R36,000, and any person (including minors) can have more than one tax-free investment.
Do you have a TFSA?
Pension, Provident or Retirement Annuity Funds
You can contribute up to 27.5% of your taxable earnings (a maximum of R350,000) p.a. to retirement funding, including a pension, provident or retirement annuity (RA) fund.
Are you maximising your tax savings?
Donations Tax
Your charitable giving can also be tax-efficient. Did you know, the first R100,000 donated each year of assessment by a natural person is exempt from donations tax? Any amount donated above this threshold may be subject to donations tax at 20% (for total taxable donations up to R30mn) and 25% (for amounts exceeding R30mn).
Read more about how tax impacts the investment landscape and what tax-smart investment actions you can take today.
Helpful Tools to Simplify Your Investments
Tax-Free Savings Growth Calculator
Find how much your investments can grow tax-free
Retirement Annuity Contribution Maximiser Calculator
Find out how to maximise your contributions into your RA
Retirement Annuity Guide
Download our retirement annuity guide and find out how to maximise your contributions.
Want to talk to a wealth manager?
Get in touch with our investing professionals and plan your tax-smart investing strategies today.
