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Tax Free and RA Top Ups

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The end of the tax year is approaching and you have the opportunity to take advantage of the annual tax incentives SARS has put in place to encourage South Africans to save for retirement and other long-term goals.

Contributions to a retirement annuity (RA) reduce your taxable income, which benefits you now and in the future

Contributions to a retirement annuity (RA) reduce your taxable income, which benefits you now and in the future

The interest, capital gains and dividends you earn in a TFI are completely tax free. You can contribute a maximum of R33 000 per year, capped at R500 000 over your lifetime.

What are the differences between an RA and a TFI?

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