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Budget 2017 / tax-free & DWT

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Valued Contributor

so dividend tax up to 20%, but tax-free limit up to R33k a year from March.

Lose one, win one ..

 

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Regular Contributor

Nope

that 's not "lose one gain one" - that's lose. - the first mentioned is an epic percentage increase and the second is not even a compensation for inflation

- so while the latter's lifetime exclusion amount has increased( I have not listened to the budget but that would be make sense )  the first is really punitive

and i must say unexpected.

But when you push down on the one side of the balloon the other side goes up so what Ii now expect is that the asset gathering thieves will run at us full tilt waiving insurance policies and stories of lower taxed life funds. I think I am going to be ill. Excuse me.

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