The draft Taxation Laws Amendment Bill, 2018 has been published on 16 July 2018. A number of changes that were not discussed in the budget speech and that will impact individual taxpayers, have been proposed. We will focus on 3 specific changes: Changes to the Medical Tax Credits regime; Tax treatment of transfers to pension…
The majority of financial planners I have the privilege to engage with say they avoid the area of income tax when it comes to their clients’ planning. Why? They believe it is a specialist field that is best when left to tax practitioners and accountants. They believe it is a high-risk area due to its…
Buy a retirement annuity to save tax! Retirement annuities are a great way to neutralise tax! Save tax now, buy a retirement annuity. Save tax by investing into a retirement annuity before 28 February. Your last chance to save tax before 28 February. I lost count of the number of times I read this everywhere…
Much is being said about the new VAT rate of 15% that will become effective on 1 April 2018 in South Africa. Yes, we are talking about billions of Rands that it will raise, and as a consequence, leave consumers a little poorer, but I was keen to see the impact it will have specifically…