The Seven Ways Tax can unlock ‘The Eighth Wonder of the World’: Compounding Interest Supplied Nobody enjoys paying tax, but since it’s our legal obligation, we may as well make the most of it by legitimately saving where we can.…
Tag: tax
Tax Write-Offs for US Expats with Rental Property back home
Tax write-offs for US expats, in partnership with TFX. Written by Veronica Rhodes. Many US citizens living abroad keep their rental properties back home and either live off the rental income, or use it to fund investments. There are however a…
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5 Guidelines to Select the Right Tax-Free Savings Account
Opening a tax-free savings account (TFSA) should be the first port of call for any first-time investor, but how do you choose which TFSA is right for you? Wessel Brand, Portfolio Manager at Sygnia Asset Management, has the answer. Supplied…
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3 Reasons A Tax-Free Savings Account Should Be Your First Investment
Investing for the first time needn’t be scary or overwhelming, writes Wessel Brand, Portfolio Manager at Sygnia Asset Management, as long as you know the secrets to starting out right. Supplied (not sponsored) content You’ve made it beyond the ‘Salticrax…
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US expat tax filing
US expat tax filing, in partnership with TFX. Written by Veronica Rhodes. South Africa has recently enjoyed a reputation for diversity, prosperity, and stability in the continent. The country is often called the rainbow nation, and its multiethnic society encompasses…
What is a Tax Free Savings Account
There's a lot of talk near the end of each tax year about tax free savings accounts (TFSA). Social media is abuzz with photos and comments about maxing out the contributions. But what is a tax free savings account and what…
Do I need to submit a tax return?
Tax filing season will soon be upon us. Not everyone is required by law to submit a tax return, but SARS does know where you live and most likely how much you earn, so they’ll be expecting their dues! Who…
Highlights from the 2021 budget speech
As always, there was much hype and anticipation ahead of Finance Minister Tito Mboweni’s 2021 budget speech. The economic crisis, COVID, rampant corruption, and failing state owned enterprises. What would he do? Where will the money come from? More tax?…
How to pay less tax in South Africa
It can be depressing when looking at the amount of tax we pay each month. More so when you consider that any extra money you make, through hard work and dedication, will also be taxed. You're not alone when wondering…
What are investment policies?
So what are investment policies? You know, those things that were sold to you about 30 years ago. Or if you're too young for that, the things that your parents took out when you were small. Probably to save towards…
SARS Medical Tax Credits
Claiming for SARS medical expenses may seem complex, but it really isn’t! As long as you have your medical aid certificate (if applicable) and any qualifying medical expenses along with receipts, SARS will do all the medical tax credits calculations for…
Income tax on your interest
Having recently discussed the building of an emergency fund, let's now look at the tax on your interest. Why don’t financial services companies tell you exactly what you’re going to get? In a world where performance is almost always the…