Articles tagged as "tax"
Annual tax limits for investors who cease to be South African tax residents during the tax year
Annual contribution limits for tax-free investments and retirements funds have always been clear for individuals who have a full 12-month assessment period t...
Two-pot cheat sheet
Given the overwhelming amount of information available about the new two-pot retirement system, below we provide a “cheat sheet”, which includes 10 “did you...
Tips to help you get on top of your tax return this year
The South African Revenue Service (SARS) is focused on improving its systems and processes to ensure taxpayers comply with their legal obligations and file...
How to invest offshore with Allan Gray – and allow for the transfer of wealth
Investing offshore is an important way to diversify your portfolio, spread your risk and get access to companies and industries not available locally. Julie...
Tap into tax benefits this February
The end of the tax year in February presents an opportunity to evaluate the tax efficiency of your financial plan. With many competing financial priorities i...
Offshore toolkit part 2: Unpacking South African tax obligations for non-resident living annuitants
South African legislation specifically prohibits the transfer of living annuities to other financial service providers abroad. Therefore, South Africans who...
Offshore toolkit part 1: Understanding your tax obligations on leaving South Africa
In part 1 of our Offshore toolkit series, Carla Rossouw, head of Tax, untangles the tax complexities you may encounter when you end your tax residency and...
Are you ready for the 2023 tax-filing season?
It is important for taxpayers to understand their filing obligations so that they can ensure compliance. Meagan Fraser covers the key dates to be aware of fo...
How Namibian clients are taxed on their South African Allan Gray unit trust investments
Investors living and registered for tax in Namibia, who invest in South African unit trusts, are taxed in South Africa on their South African-sourced interes...
Unpacking the changes to the retirement fund lump sum tax tables
To account for the impact of inflation, this year’s National Budget introduced changes to the retirement fund lump sum tax tables for retirement fund cash lu...
2023 Budget speech update
Finance Minister Ipumbu Shiimi, MP delivered his Budget speech on Wednesday, 22 February 2023. In acknowledging the continued hardships endured by most...
The 2023 Budget: A crisis of credibility in the outer years of the forecast
Thalia Petousis, portfolio manager at Allan Gray, shares her views on the challenges of putting together a credible national budget
Podcast: Are better outcomes for retirement savers on the horizon?
Allan Gray’s head of Assurance, Richard Carter, joins Umbrella Fund specialist Mica Townsend to discuss the challenges with the current system, the...
How SARS has changed tax for annuitants
The South African Revenue Service recently changed the way tax is calculated for living annuitants. Carrie Norden discusses the rationale behind this change...
2022 Budget speech update
Finance Minister Ipumbu Shiimi, MP delivered his Budget speech on Thursday, 24 February 2022. He noted that there is an urgent need to reignite economic...
2021 Budget speech update
Finance Minister Tito Mboweni delivered the Budget speech on Wednesday, 24 February. Against the backdrop of the COVID-19 pandemic, the Budget was more...
Investing with tax benefits in mind during uncertain times
Amid the extreme uncertainty brought on by COVID-19 and the ongoing lockdown restrictions, investors are tasked with looking beyond the current crisis and...
Should I file a tax return for the 2020 tax year?
In response to COVID-19, the South African Revenue Service (SARS) has tried to simplify the tax filing process for individual taxpayers and remove the need t...
Part 5: Why every investor needs an independent adviser right now
Investors are panicked and who can blame them? The market volatility has persuaded some to run for the hills and never look back, while others may be tempted...
Make the most of your tax benefits
The South African Revenue Service (SARS) has put several tax incentives in place to encourage us to save more for our retirement and other long-term goals. Y...
Unravelling your residencies – exchange control, tax and citizenship
South Africans who live and work abroad are not currently subject to income tax on the income they earn outside of South Africa, provided they spend more tha...
2019 Budget speech update
Finance Minister Tito Mboweni delivered his maiden budget speech on Wednesday 20 February. In this document we highlight some of the 2019 Budget tax proposal...
Budget 2019: Focus shifts to restoring credibility
Finance Minister Tito Mboweni’s maiden Budget Speech didn’t deliver any major punches such as 2018’s surprise 1% VAT hike, but instead sought to acknowledge...
Is there any tax benefit in saving over the annual tax deductible amount towards retirement?
One of the key benefits of investing for retirement using a retirement fund is the generous tax deduction for contributions, subject to a maximum of 27.5% of...
Why retirement contributions don’t reduce your taxable capital gains
You may be aware that every tax year you can make a pre-tax contribution to your retirement fund of up to 27.5% of the higher of taxable income or...
Don't get caught short this tax season
With the tax season deadlines brought forward by a month this year, it’s time to get your supporting documents ready and to do your return. Uncertainty actin...
Bump up your savings with a tax-free investment
Have you taken the plunge and started your own business, but sacrificed some (if not all) of your savings to do it? Mthobisi Mthimkhulu suggests using a...
PART 5: What should I invest in?
Tax and law are wrapped around every investment product. Knowing the rules can help you choose the right product for your needs...
Investment Summit to give an inside view from fund management houses
Allan Gray is bringing a group of international and local investment houses together to debate investment insights in a new one-day event, aimed at helping...
How to combat the budget pinch
Some weeks have passed since former Finance Minister Pravin Gordhan’s Budget speech, but we are only just beginning to feel the pinch. Carla Rossouw discusse...
