This week's best articles, alongside short snippets of miscellaneous interestingness that you won't want to miss out on.
Welcome to your first newsletter from Olemera Financial Services. For a while now it has become clear that we need to do more to keep you informed on a regular basis of how to use various financial products and services to your advantage.
Therefore, with the tax season in mind, we have focused on Tax Efficient Investments, some of which you may know of, and others well worth investigating. Finding tax efficient investments has become increasingly important as the South African Revenue Services (SARS) makes changes to the regulations around tax deductions.
Going forward we would also welcome suggestions for any future topics from our readers and these suggestions can be forwarded to [email protected]
SARS has introduced several changes ahead of the 2019 tax season. However, one of the most significant changes is that tax payers earning below R500 000.00 per annum will no longer be required to submit tax returns as opposed to the previous R350 000.00 threshold.
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We cannot stress enough the importance of having a retirement annuity or another form of savings or investment to finance your years of retirement.
As South Africans, we are faced with a plethora of challenges which make providing for our retirement relatively tricky.
The tax-free savings account came to life in 2015 and was introduced by the South African government to encourage citizens to save.
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There are many ways to improve your tax savings strategy and with the end of the financial year fast approaching, you may want to take advantage where you can.
Furthermore, these tax-saving methods can help you in the upcoming fiscal year and beyond.
Read More ...Posted by Gary Walker on Friday, January 31, 2020 Views: 707