Maximising Tax-Free Investments: Benefits, Limits and Strategy
By Sheldene du Plessis – Senior Accountant: Ascendant Financial Services Tax-Free Investments (TFIs) offer unique advantages for financial growth and security but require understanding for optimal utilisation. Benefits of TFIs: Limitations to Consider: Types of Tax-Free Investments: Understanding Contribution Limits and Withdrawals: Example: 2024 Year of Assessment Where the taxpayer invested R40,000 Annual contribution limit […]
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