Category: tax

It’s important to understand which RA will suit your lifestyle

A retirement annuity (RA) is a pension plan designed for individuals to build up and accumulate money for retirement in a tax efficient way. It is a vehicle to save towards retirement.

Some benefits of an RA

  • You don’t pay tax on RA investment returns, such as interest income, dividends and capital gains.
  • The maximum tax-beneficial contribution is up to 27.5% of the greater remuneration or taxable income,

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That time of the year again; the tax season is officially in full swing. For those who don’t know exactly when it runs, this year it started from 1 July and will end 31 October 2018.

For many, filing taxes creates a lot of anxiety and most people leave it to the very last day…I have been here myself! But I believe in facing things head on, whether you do get a refund or you end up owing SARS,

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