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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Understanding Provisional Tax

2024-06-05T15:42:59+00:00June 5, 2024|Accounting, Advice, IRP6, Provisional Tax, SARS, Taxes|

If you are a business owner, a trustee, or an individual earning income from any other source other than an IRP5, you should have submitted a First Provisional return (IRP6) for 2024 by the 29 February 2024. There are 3 return submissions for Provisional Tax, namely: - The First return which covered the estimated [...]

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