16 January 2019The end of the tax year is approaching and you have the opportunity to take advantage of the annual tax incentives SARS has put in place to encourage South Africans to save for retirement and other long-term goals. You may consider increasing your retirement funding debit orders or making lump-sum contributions to your existing retirement annuities (RA’s).
Contributions made to your retirement funding before the tax year-end, 28 February 2019, may be tax-deductible within certain limits.