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New Tax Laws-RA

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Rams
Super Contributor
seriously thinking of stopping all future contributios as from March 2016.
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9 REPLIES 9
Preston
Super Contributor
@Ram,Use all the extra contributions to support the local makro. We need your support, especially when, I do decide to buy this share again.
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CHATTYCHAT
Super Contributor
@Rams - why would you want to? Sure you will benefit from the new deductible maximum p.a. per person... If however you would share your reason/s please
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SimonPB
Valued Contributor
rams, why ?? this just catch up law
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partridge
Super Contributor
I can think of no sound reasons to follow that route.
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Rams
Super Contributor
i prefer to retire with 100% cash.
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Rams
Super Contributor
i prefer to retire with 100% cash.
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geordie1
Super Contributor
at retirement u can cash in one third in cash and transfer balance to living annuity and hold that in cash-at moment living annuity not subject to regulation 28
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Not applicable
and if understand correctly the 15% tax deductible of your salary will also increase?
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CHATTYCHAT
Super Contributor
Deductions allowed up to 27,5% and max of R350k p.a. - inclusive of your E-er contribution which in future will be a taxable benefit but deductible again including your own contributions at time of assessment. The above also includes your RA contributions privately made.
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