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2025 Budget Speech Summary

2025-03-13T13:50:56+00:00March 13, 2025|2025 Budget Speech, Accounting, Advice, Announcements, Budget, SARS, Taxes|

After an unprecedented postponement triggered by widespread disagreements within the GNU (Government of National Unity) regarding a proposed VAT increase, Finance Minister Godongwana presented the 2025/2026 National Budget Speech on 12 March 2025.  Below is a summary of the tax-related changes: - VAT (Value Added Tax) Considering the impact of a VAT adjustment, VAT [...]

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Your Retirement Savings Pot Explained

2024-09-29T04:41:01+00:00September 29, 2024|Accounting, Advice, News, Retirement, Retirement Withdrawal, SARS, Savings Pot, Taxes|

South Africa’s new two-pot retirement scheme was designed to give members some financial breathing room during tough times, without requiring them to resign to access their savings. In short, although it offers short-term financial relief, this withdrawal benefit should only be considered for emergencies and not change how you think about your retirement financial [...]

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