WebFeb 20, 2015 · To enable a smooth introduction of tax free savings, transfers of tax free savings accounts will initially not be allowed, during the first year of the incentive, until 1 … WebJun 8, 2024 · The annual limitation can be spread across as many savings accounts as you wish, provided you don’t invest more than R36,000 in total for the tax year (1 March to end …

Investment products - PSG

WebAbout. My purpose in life is to help as many people as I can, and this is why I am passionate about my career. As a financial adviser, I am able to help people achieve financial freedom, so that they can take care of their loved ones and ultimately live the life of their dreams. My mission is to provide my clients with quality unbiased ... WebJan 13, 2024 · The benefits you get are: Income tax: Contributions to retirement annuities are tax deductible, up to a limit of 27.5% of your income capped at R350 000 a year. This … firewood farmer llc

Tax-Free Investment – Al Baraka South Africa

WebTax-free Unit Trusts. By law you can save R36 000 every year or R500 000 over a lifetime in a tax-free vehicle such as a unit trust. All interest, capital gains and dividends you earn will … WebDec 22, 2024 · Taxes on interest: South Africans are entitled to a tax exemption for the first R23,800 of interest earned. For over 65-year olds there is no tax on the first R34,500. … WebInvest it. Metropolitan’s Investment Plans are designed to help you reach your long-term life goals with just a single payment. Invest a minimum amount of R20 000. We invest your … firewood farmingdale maine