You have a good five weeks to get your house in order before the February crunch — and there are more than a few ways to get savvy with the taxman, writes SimonPB.
February is the end of the tax year for individuals and there are some things we can do regarding tax planning.
The first is your annual tax-free savings contribution of R36,000 per individual. If you haven’t invested the full amount, you should, subject to your budget, of course. It’s also worth checking with your spouse because maybe they’re a little short and you can top up their tax-free account if you have sufficient funds. ..
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