Regular readers will recall I wrote an article a few weeks ago, which claimed that investing the full Tax Free Savings Account (TFSA) allowance for your new-born child would turn him into a billionaire by the time he retired.
Even after the effects of inflation, this investment would mean R200,000 per month income, in today's money.
An explosive claim, I know, but one that I can back up wi... ››› more
Tax year end is fast approaching.
This means, next week Wednesday, your tax breaks for the 2017/2018 year will expire.
Fortunately, it's not too late to maximise all your benefits before you lose them.
But don't worry, because today I'm going to show you how to do this…
Three tax breaks every investor receives
As a private investor you receive three main tax breaks:
... ››› more
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
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Remember: Never invest more than you can afford to spare and that the value of any investment, and the income derived from it, can go down as well as up. The past is not necessarily a guide to future performance.
Editors or contributors may have an interest in investments commented on in this newsletter. However they have signed restraints to prevent the abuse of their position as contributors to this publication.