The current tax saving season is rapidly drawing to a close and saving on tax is easy. By topping up contributions to your retirement annuity policy before the end of February you can save substantially on your eventual tax bill.
Remember to check if you are taking advantage of the 27.5% of income deduction you can save tax through retirement fund contributions; you could save as much as 45% of such contributions in tax.
Even if you have a retirement annuity and you are a member of a company retirement fund, check to see that your overall contributions take full advantage of the 27.5% of income (max R350 000) annual tax-deductible limit. If they don’t, please contact us as soon as possible.
Our shut off time for processing retirement annuity documents and payments is close on Monday 21 February.
Please contact your Maximus adviser or any one of our admin staff below for assistance:
Ansie: 087 148 6696
Kamiela: 082 590 1202
Wendy: 082 682 7718
Susan: 060 502 8021
Main board: 011 656 2910