The Value of advice
No one likes to pay tax on their hard-earned money, but few actually understand the intricacies associated with the South African tax system.
The tax code changes every year, which means that income tax brackets, exemptions and deductions, money withdrawals, transfers and other elements of your financial plan can be impacted. If not properly planned for, taxes have the potential to eat away at your savings and erode your investment returns.
Apart from normal income tax you pay every month and have to do your annual tax return for, there are other forms of tax that you will encounter at some stage of your life, like Capital Gains Tax, Estate Duty, Transfer Duty, and Dividend Withholding Tax to name only a few. When doing any financial transaction, an analysis of the tax implications has to be done.
Tax Planning
At MyPlan, we know that complexities associated with tax can have a significant impact on your wealth. Therefore, we pay close attention to developments in industry regulations and changes in legislation so you don’t have to. We continuously focus on how these changes affect your wealth and work with you to put tax efficient structures in place.
From minimising your income tax to keeping a watchful eye on any capital gains, we will help you navigate the complexities, plan your investments and structure your wealth efficiently so you save money and don’t pay any more tax than is necessary.
