Tax

  • How you can get a 100% tax refund - and grow your investment portfolio at the same time
  • How you can get a 100% tax refund - and grow your investment portfolio at the same time
    I've been looking at ways to reduce my donations to the Nkandla Fund (SARS income tax)… I have no objection to pay tax - when the government that receives that money makes use of it responsibly. But that's not the case at this stage. And by putting off paying tax (legally) I can get my money to work for me faster than when I give nearly half of that away to the tax man. Now instead o... ››› more
  • [06 December 2017]
  • The little-known tax secret that can get you up to R23,800 tax-free every year
  • 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… Th... ››› more
  • [21 September 2017]
  • Everything you MUST know about tax and your investments
  • Everything you MUST know about tax and your investments
    If you've been acting on the share recommendations the FSPInvest team delivers every month in publications like The South African Investor, Real Wealth and Red Hot Penny Shares, then you're probably making handsome investment returns right now. Soon, these investment returns will spark interest from SARS, and soon they'll come knocking asking for their share of your profits. Your broker is... ››› more
  • [09 June 2016]
  • The underdog that could save you up to 30% in tax every year
  • The underdog that could save you up to 30% in tax every year
    Rich South Africans pay expensive lawyers, accounts, tax planners and investment managers to ensure they legally pay as little tax as possible. Now I know what you're thinking: “That's great, but not everyone can afford these expensive advisors.” Well I've got good news for you: You don't need the help of expensive accountants, tax advisors or investment managers. Because all the tax inc... ››› more
  • [19 May 2016]
  • What are the chances the finance minister will introduce a new wealth tax?
  • Tomorrow, the finance minister Nhlanhla Nene will give his medium-term budget. With the government's coffers feeling the strain of slowing economic growth, Nene is under pressure to introduce new ways of increasing tax revenue. But how is he going to do it? Since Thomas Piketty, a French economist, suggested introducing a new ‘wealth' tax in SA, could this happen? Let's take a closer lo... ››› more
  • [20 October 2015]
  • If you're still paying tax on your investments you're losing out big-time!
  • Do you own unit trusts, ETFs or shares? If you do, you're paying 15% tax on all the dividends you receive. You also pay 13.33% capital gains tax once you sell any of these. In fact, if you held them for less than three years you will end up paying up to 40% in income tax on them… But you don't have to. Stop paying tax on your investments today The National Treasury introduced Tax... ››› more
  • [23 September 2015]
  • Thanks to the budget, if you're a higher earner you will be paying more income tax
  • The budget address at the end of last month revealed some news that higher earners didn't want to hear. Personal income tax is rising if you earn more than R181,900 a year. So what does this mean for you? Let's take a closer look… Personal income tax rises 1% if you earn more than R181,900 a year During his first full budget speech, the finance minister Nhlanhla Nene said that “... ››› more
  • [20 March 2015]
  • How much of your stock market profits is SARS entitled to?
  • When you invest and trade on the stock market, your main objective is to make money. But if you've done well, chances are all the profits aren't yours. You'll have to pay SARS its cut. So how do you know when you have to declare your profits to SARS from your investments? And what are you liable to pay? Read on to find out… Your tax liability to SARS when you invest and trade W... ››› more
  • [06 January 2015]
  • Make sure you file your tax returns - only 8 days left!
  • There are only eight days left to file your tax return, so make sure you don't leave it for the last minute. The deadline is November 21st, 2014. Here is everything you need to know before submitting your tax return. First of all, if you don’t have a tax number already, you need to apply for one with the South African Revenue Services before submitting your tax return. To get a tax number, ... ››› more
  • [13 November 2014]
  • How much of your tax goes to pay for South Africa's cabinet?
  • When the ANC was re-elected in May, President Jacob Zuma beefed up his cabinet, adding more cost to the taxpayer. But it's not just the wage bill that the taxpayer has to foot, it's all the trimmings that go along with it. Have you thought about how much of your tax money goes towards paying for South Africa's cabinet? Read on to find out more about the true cost… The South Africa... ››› more
  • [20 August 2014]
  • Made a tidy profit from an investment? Chances are you'll have to pay capital gains tax
  • If you hold shares and other investments for the long-term and sell them for a profit, depending on the size of your profit, you could have to pay capital gains tax to SARS. So what exactly is capital gains tax? And how much profit to you have to make to pay capital gains tax? Let's take a closer look… What is capital gain tax (CGT)? Any profits you make from selling an asset (lik... ››› more
  • [13 August 2014]
  • Tips for choosing the right tax practitioner
  • Filing your annual tax return is quite a challenge and most people seek the services of a tax professional who can do all the work for them. It's important to make a smart, carefully researched decision when choosing a tax professional to file your tax return and keep you informed about the latest changes in tax laws. Here are some tips for choosing the right tax practitioner in times of ne... ››› more
  • [29 July 2014]
  • Gauteng tops the tables for taxable income
  • Earlier today, SARS released its 2013 Tax Statistics. The data, which covers the 2012 tax year, showed that nearly half of personal income that SARS gets its cut of is earned in the Gauteng province. Let's take a closer look at what the data revealed... SARS's data on tax showed that individual taxpayers in Gauteng “earned 46.5% (R475.8 billion) of the country's total R1 trillion aggre... ››› more
  • [21 October 2013]


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