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Jo - soap was right - but there is more

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partridge
Super Contributor
Reading the comments on CGT and dividend tax. As J-S said tax exempt bodies get the DIVIDEND Tax exclusion BUT also benefit from the DIVIDEND tax exemption - so a pension fund / retirement annuity holding ....hmm. BUT before you call a slavering Broker/ agent in to fill in 1000 forms- be very aware that the "four funds "taxation of life funds( incls pensions ) - which favours the higher end taxpayer over the overwelming majority of 18%ers = is ALSO going to be reviewed. And why would that be? Because treasury is sick and tired of Financial Services providers who offer low value high cost products on a one size fits all basis and who won't adapt to include the man in the street - and Treasury (like the rest of us ) wants to increase individual lifetime savings....and these vehicles will be key building blocks...... There is going to be weeping and wailing in Sandton and other high rise office blocks
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jo_soap
Contributor
So what you are saying is that the recent changes from STC to DWC is one of several strategies to get people to invest in long term savings through pension funds and retirement annuities rather than directly in the stock market and/or “high cost one size fits all type investments” (like unit trusts?)
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