Retirement tax reform

Also known as The Commutation of Benefits, there are some big changes coming for retirement and provident fund holders. Essentially, these all relate to how the money is drawn (commuted) or re-invested.After being delayed by a year, the Taxation Laws Amendment Act is being put into place on 1 March 2016 (‘T-day’). The legislation changes...

Easy tax-claim tips to keep you ahead!

Bank statements, municipal bills, phone bills, petrol slips, receipts, the list goes on. It’s that time of year again, when you have to forage through stacks of paper for everything that you need to fill in your tax return.Not everyone is great at admin... and there are piles of things to keep track of; it...

THE BENEFITS OF A TAX FREE ACCOUNT

With the introduction of tax free savings accounts (TFSA), people have been wondering what sort of benefits they provide. So what are the main reasons to consider a TFSA?The first reason would be to replace the interest exemption in our tax laws. It was specifically stated that with the introduction of the TFSA, there would...

Scroll to top