Provident fund members face withdrawal changes on March 1
WORDS ON WEALTH: Up until now there have been two distinct types of retirement funds offered by employers to their employees: pension funds and provident funds. Many company retirement funds offer both. Traditionally, the differences between pension and provident funds were that in a provident fund your contributions were from after-tax income (in pension funds […]
SARS sends out notice about offshore assets – what you should know if you get one
The days where SARS shuts its eyes to taxpayers’ offshore holdings are thing of the past, says Jean du Toit, head of Tax Technical at Tax Consulting SA. Du Toit said that SARS is finally utilising the Automatic Exchange of Information regime to pin down taxpayers who have not disclosed their offshore interests, and a […]
Set SMART investment goals for long term financial success
Christmas might have come and gone, but the festive season cheer should linger long into January (Covid second wave notwithstanding). It’s obviously too late to start budgeting for one of the most expensive times of the year, but you can still take advantage of the festive season’s feel-good vibes and set goals that will help […]
