South Africans risk losing millions by underutilising tax-free savings accounts

Ashley Lechman|Published

Don't let valuable tax-free benefits slip away! Discover how you can maximize your TFSA contributions before the end of the tax year. Thousands are leaving money ...

The tax year end tantrum

Pieter Albertyn|Published

There are two things that affect how our savings grow and our investments prosper. The one is to keep costs as low as possible, and the other is to propel growth ...

South Africa's budget 2026: Optimism amidst economic challenges

Ashley Lechman|Published

In the face of economic adversity, South Africa’s latest budget aims to inspire confidence with bolstered revenue and targeted reforms designed to support growth ...

UK tax crackdown hits SA expats’ global wealth

Nicola Mawson|Published

Among those is the removal of the VAT exemption for private school fees, increases in some rates of capital gains tax and stamp duty land tax, and the extension ...

No tax twists for trusts: 2025 Budget delivers good news

Nishtha Bhoola|Published

This year, trusts may find themselves at a crossroads, balancing between opportunity and challenge.

Maximising tax-efficient investments following the Budget

Rita Cool|Published

As the government seeks to bolster revenue generation through increases in VAT and fiscal drag by keeping the tax brackets unchanged for two years, investors are ...

Experts concerned over 'tax creep' as interest rates remain the same

Ashley Lechman|Published

Tax bracket creep occurs when your salary increases due to inflation, but tax brackets are not adjusted accordingly.

Proposed VAT increase could push South Africans deeper into debt crisis

Ashley Lechman|Published

Financial experts warn that a potential VAT increase could devastate South African households already struggling with rising living costs and mounting debt. The ...

Budget: Tax adjustments, AI implementation, and trade relations under spotlight

Ashley Lechman|Published

Finance Minister Enoch Godongwana's upcoming Budget Speech is set to address crucial tax adjustments, AI implementation in tax collection, and international trade ...

Tax Evasion: the silent killer of youth-led businesses in South Africa

Opinion|Published

FinScope data indicates that a considerable 30% of SMMEs owners today are 35 years or younger, underpinning the role that the youth play in building a resilient ...

Shauwn Mkhize's Durban home raided amid tax evasion allegations

Ashley Lechman|Published

South African socialite Shauwn Mkhize faces legal scrutiny as her home is raided by authorities over alleged unpaid taxes amounting to R37 million.

New regulatory and tax framework looms for South Africa’s Collective Investment Schemes

Philippa Larkin|Published

Proposed COFI Bill and tax model aim to reshape the R3. 36 trillion CIS industry and hedge fund sector for growth, transparency and investor protection.

VAT refunds rise to R342.9bn but still lag behind estimates

Given Majola|Published

This impressive figure, however, has come under scrutiny as it was R7. 9bn short of expected estimates, prompting discussions about the balance between efficient ...

Warning to expats: check your tax non-residency status

Supplied|Published

Where their tax affairs are not in order, the consequences can range from a full SARS audit, SARS additional tax assessments being raised without prior knowledge, ...

Tax doesn’t have to be taxing – a tax refund may be on the horizon

Opinion|Published

A tax refund is forthcoming when the tax you paid during the tax year exceeds the tax actually due and payable.

Sars announces start of the 2024 eFiling tax season

Ashley Lechman|Published

Auto-assessments for an expanded pool of taxpayers will run from July 1 to 14, 2024.

Sars will tax you on overseas investments, but you can mitigate its impact

Opinion|Published

Dividends received by shareholders in foreign companies, for instance, are taxable at a maximum effective rate of 20%.

Sars sets deadline for provisional taxpayers, including trusts as January 24, 2024

Staff Reporter|Published

In a statement, Sars said the 2023 year of assessment refers to the period between March 1, 2022 and February 28, 2023.

Your investment and retirement questions answered

Sponsored Content|Published

Send your queries and questions to personalfinance@inl. co. za. This month’s questions answered by PSG Wealth