Tag: RetirementAnnuity
SARS auto-assessments – should you auto-accept?
Retirement annuity contributions can carry forward when taxpayers do not claim them. However, most taxpayers never check whether this happened. From today, taxpayers who received a South African Revenue Service (SARS) auto-assessment this month can submit a corrected return if they find something inaccurate or missing. One of the most commonly overlooked corrections involves a contribution that a taxpayer made months, or sometimes years before this year's assessment was generated.
Leveraging retirement annuity – maximising contributions
Retirement planning is often framed as a question of how much you save. Most people contribute to a Maximising. However, very few understand how to use it strategically. For many investors, retirement annuities function as a routine savings vehicle. People contribute consistently without considering the structural role these products play in a broader wealth strategy.
Higher earners face a closing window as tax year-end approaches
With the end of the 2025/2026 tax year fast approaching, South Africans have a narrowing window to make financial decisions that can meaningfully improve their savings outcomes. Acting before the tax year closes can deliver immediate tax benefits and lasting financial advantages. February ranks among the most important months on the financial calendar.
