Blog

10
Feb

Lower your tax in 2021

· · · · · · | Salvo Investment Views

It’s almost the end of the 2021 tax year (1 March 2020 – 28 Feb 2021) which means you have just a few days left reduce your taxes for this year. It may even result in a higher tax refund when you submit your annual tax return with us this tax season. Here are the […]

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17
Feb

What if you contribute more?

· · · · · · · | Investment Wisdom

Your tax-deductible contributions to a retirement fund are subject to a maximum of 27.5% of the greater of your taxable income or remuneration, with an annual ceiling of R350 000. Carrie Furman, a tax specialist at Allan Gray, says that although most of us may find it difficult to get anywhere near these limits, there […]

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19
Feb

Your Financial Year Checklist

· · · · · · · · · · · · · · · · | Investment Wisdom

The current 2018/2019 tax year is ending on 28 February 2019. During this time, it is important to remember to make use of certain benefits for the year such as your annual deductions and exclusions: Contributions to a retirement annuity can be claimed as a tax deduction when filing your annual tax return. These contributions […]

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07
Feb

The 100 year Life

· · · · · · · · · · · | Investment Wisdom

Don’t just plan for retirement, Plan for a long life Those in the retirement industry bemoan the fact that South Africans are poor savers and are often one emergency away from trashing what savings they have. A  survey shows that just one in three ‘baby boomers’ has any form of formal retirement saving. There are […]

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29
Jan

The Snowball Effect

· · · · · · · · | Investment Wisdom

A century ago Albert Einstein shook the foundations of our understanding of the universe when his theories of relativity changed the way we think about space and time. His theories reframed time as a relative and subjective experience. Although science may now think differently about time, our everyday experience continues to tick over in a […]

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22
Jan

I’ll cross that bridge when I get there

· · · · · · | Investment Wisdom · Salvo Investment Views

Starting your retirement savings is as much a mental battle as it is a financial one. Our excuses are our biggest barriers to saving “I don’t have enough money” “I prefer to live for today. “ Whatever your excuse is for not saving for retirement, you may very well find that you are stuck in […]

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14
Jan

The advantages of investing in a Retirement Annuity

· · · · · · · · · · · · | Investment Wisdom

This time of year, many investors are in a rush to contribute as much as possible towards their retirement annuities before the end of the financial year, and rightfully so. Along with the most obvious tax advantages associated with a retirement annuity (RA), investing in a retirement annuity also offers an array of other benefits: […]

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09
Apr

Let SARS help you pay for retirement

· · · · · · · · · · · · · · · · · · · · · | Investment Wisdom

The South African Revenue Service (SARS) wants to help you pay for your retirement. The way in which they do this is by offering generous tax deductions when you make contributions to your retirement annuity (RA), pension or provident fund. On 1 March 2016, the tax deductions for retirement savings increased from 15% to 27.5% – which means you can […]

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