The little-known tax secret that can get you up to R23,800 tax-free every year

by , 21 September 2017
The little-known tax secret that can get you up to R23,800 tax-free every year
Consider this…

In 1995, SARS collected just over R127 billion in tax revenue.

Today, that figure stands at R1.14 trillion.

By 2018, SARS aims to collect R1.26 trillion in tax revenue.

In short, SARS is coming after more of your money.

And they will do everything in their power to get their greedy hands on as much of your money as possible.

But what if I told you…

There's a way you actually save on tax instead of SARS taking it.

In fact, this little-known tax saving secret can get up to R23,800 tax-free every year!

Don't believe me?

Let me show you…

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The Ultimate Tax Loophole?
 
How Some South Africans Will Legally Collect
Two 'Special Payout' Cheques This Year,
Thanks to SARS...
 
And Start Receiving 'Special Payout'
Cheques Of R700, R1,400, R2,100 or more...
 
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How you can get up to R23,800 tax free every year…
 
It’s simple.
 
To be eligible for this tax saving, you just need to be invested in interest income investments.
 
What is “interest income”?
 
It’s the interest you earn from a savings or money market account, income investment funds, property stocks, bonds and other investments that pay interest.
 
Why would you want interest income?
 
Well when the stock market experiences volatility, the capital gains you receive can be eradicated.
 
So your goal should be to at least generate some income outside of the stock market.
 
If you aren’t already taking advantage of this incentive, you really should be! It could save you a fortune.
 
Let’s say you have R325,000 invested to generate an income and you make a return of R23,800 a year, you’ll pay as much as R9,120 in taxes.
 
If, on the other hand, you shift that R325,000 into an interest income producing, you won’t pay a cent in tax on interest income up to R23,800.
 
That mean, you could save as much as R9,120 by structuring your investments and finances to take advantage of this tax incentive.
  
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So which interest income investment should you consider?
 
Over the past few months, South Africa’s inflation rate has surprisingly slowed.
 
Currently it’s 5.1%. But with barely any economic growth, inflation could rise again back to 6.6%.
 
Inflation is a money-killer so at the very least you must aim to generate returns above inflation – When you do this, it’s one less danger you have to worry about.
 
One of the best interest income investment that you can use to beat inflation is, RSA Retail inflation-linked bonds.
 
Currently the 10-year inflation-linked bond is at a rate of 2.5%. Add in inflation and you’re receiving at least 7.6% return – more than the JSE average return in 2015 and 2016.
 
Another benefit is you only need a minimum of R1,000 to invest in RSA retail bonds and it’s as easy as going to your local Pick N’ Pay to invest in them.
 
Always remember, knowledge brings you wealth,
 
P.S. SARS is on a mission to take as much money from taxpayers as possible. But thanks to this little-known tax loophole, you can start funnelling cash from SARS, straight into YOUR pocket.
 

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