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Your Foreign Discretionary Allowance Every taxpayer has an annual Foreign Discretionary Allowance (which runs from 1 January to 31 December), which allows them to spend/send rands out of South Africa. You use this to pay for foreign purchases (like your Netflix...
It is that time again when many “investment professionals” make “predictions” about how various markets will perform over the coming 12 months. The only purpose seems to be to allow us to look back in a year’s time and comment on how pointless such endeavours are....
The 2022 tax season is around the corner, and it will be one of the shortest to date. The period to submit tax returns will be open from 1 July to 24 October for individual taxpayers who are not provisional taxpayers. On 3 June, Edward Kieswetter, the Commissioner of...
You may have heard some chatter, but it’s official: offshore investment limits for retirement fund investors have been set at 45%, effective immediately. The South African Reserve Bank (SARB) has confirmed the increase and the investment platforms and asset managers...
