
Budget strengthens saving for retirement, says Sanlam
The changes include the increase in the annual tax-deduction cap, and new annuitisation and living annuity commutation thresholds.

The changes include the increase in the annual tax-deduction cap, and new annuitisation and living annuity commutation thresholds.

From CGT thresholds to small business tax and foreign allowances, Ronald King identifies the changes that could materially reshape financial plans.

Treasury also proposes new thresholds at which fund members and living annuitants can commute to a cash lump sum.

Contributing to an RA and maxing your tax-free savings account are the fastest ways to reduce taxable income while building tax-efficient wealth.

Every rand overpaid to SARS is an opportunity cost. Allocate refunds to debt repayment, savings, or retirement contributions for greater long-term benefit.
Watch Moonstone Update for an overview of some of the stories covered in the past week’s Investment Indicators and Moonstone Monitor. This weeks update focuses on the budget Income tax brackets, medical tax […]