DO YOU QUALIFY TO GET SOME OF YOUR TAX MONEY BACK FOR ADDING TO YOUR RETIREMENT SAVINGS?
IT IS ALMOST LIKE A CASH BACK BONUS FROM SARS.
SARS subsidise up to 45% of retirement saving contributions, with a tax deduction of 27,5% of your taxable income, capped at R 350,000 per year.
A payment into a tax deductible retirement annuity before the end of February could:
* Reduce the tax payment due this months for provisional taxpayers and
* Increase the refunds for salaried employees
By building personal relationships with our clients and with our qualified expertise in both tax and investment advice, we are able to provide holistic and analytical guidance to suit your individual circumstances.
If the above tax break appeals to you, we will be able to quickly assess whether you can or will benefit from this annual tax break.
If required, we can provide you with guidance on the various retirement products and investment funds available to suit your individual investment profile.
To ensure that your contribution to the retirement fund reflects in time for the 2022 tax year, please get in touch with us by Monday, 21st February 2022.