As your financial advisers, we can help you design a giving plan that aligns with your charitable values and your tax strategy. Done right, generosity can deliver two wins at once. Why tax-efficient giving makes so much sense South Africa’s tax system rewards donations to approved Public Benefit Organisations (PBOs). These donations can be deducted…
“I’ll tax the street, I’ll tax your seat, I’ll tax the heat, I’ll tax your feet.” (Adapted from Taxman by The Beatles) 1. Why do I have to pay CGT in the first place? Following a worldwide trend, South African authorities introduced CGT in 2001 to broaden the tax base. Before CGT was introduced, salaried…
RAs: The big one Retirement Annuities (RAs) offer significant tax breaks as contributions to the investments are tax-deductible, and the growth within the funds is tax-free. You can contribute a maximum of 27.5% of your taxable income to retirement funding each year, up to a maximum of R350,000. The other bonus is that Regulation 28…