Retirement Tax Benefits
Who doesn’t want to save tax? I hope the answer would be nobody. Let’s look at 2 different ways to save tax: 1. Retirement Annuity. SARS allows us to contribute 27,5% of taxable income into retirement funds to a maximum of R350 000 per annum....
Proposed amendments to retirement savings rules must be intentional and specific
Vusi Maswili and Paul Mafisa of ASI Financial Services Former Minister of Finance Tito Mboweni suggested recently that workers should be able to access a portion of their retirement funds – up to one third – provided that those doing so would use that money…