The 2017/8 budget speech and the concomitant amendments to the Income Tax Act contained a series of unpleasant changes for the law abiding South African taxpayer. It ranged from fiscal drag to the introduction of the new Section 7 C and the draconian 45% tax rate now imposed on the super earners – and all [...]
South Africans are collectively holding their breaths for further tax hikes when finance minister Pravin Gordhan delivers his 2016 Budget Speech. In the 2015 Budget Speech, former finance minister, Nhlanhla Nene, increased personal income tax for all taxpayers earning more than R181900 a year. He also announced an increase in the general fuel levy of [...]
A financial plan will help you see the bigger picture, a crucial step in mapping out your financial future, an investment expert said. A financial plan provides financial security, in particular in the event of the unforeseen events like disability or death and addresses the big concern of having enough money to retire independently, said [...]
