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.
Elena Bevilacqua CFP® Professional
Senior Financial Planner
BCom Hon: Financial Management
EDGE FINANCIAL GROUP
Tel: (021) 555 0839Read More