LOWER TAX WITH RETIREMENT SAVING CONTRIBUTIONS

Contributions made to retirement funds and retirement annuities are tax deductible!

The allowable contributions, as per the Income Tax Act, is to the maximum of 27.5% of the higher of gross remuneration or taxable income, and subject to an annual limited of R350 000.

Example:

 

Elena Bevilacqua CFP® Professional

Senior Financial Planner

BCom Hon: Financial Management

EDGE FINANCIAL GROUP

elena@edgefinance.co.za

Tel: (021) 555 0839

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