How to Legally Pay Less Taxes in South Africa? Part 1

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  • Опубліковано 21 гру 2024

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  • @nonkosi8021
    @nonkosi8021 Рік тому +6

    I just came across your channel. Im grateful and i appreciate your advice.

  • @wentworthpowrie4497
    @wentworthpowrie4497 Місяць тому

    Hi and thank you but looking for the NOTES you mentioned in your video.
    Pls add or direct me to them..
    Thank you so much and for helping to make things clearer!

    • @taxwayneadvisory
      @taxwayneadvisory Місяць тому +1

      wentworth i will give you a whole book of info with many more tricks

    • @wentworthpowrie4497
      @wentworthpowrie4497 Місяць тому

      @ thank you! I am in need. Have a trust and a company and just trying to understand the basics. Am working on my company paying a salary into my business account so hopefully I get that right for end nov 2024

    • @wentworthpowrie4497
      @wentworthpowrie4497 Місяць тому

      Also love the channel and what you’re doing for both women and men!! Lol

    • @taxwayneadvisory
      @taxwayneadvisory Місяць тому

      @wentworthpowrie4497 what your email

  • @KmagicO31
    @KmagicO31 11 місяців тому +1

    Brilliant and informative

  • @viriniboutique4301
    @viriniboutique4301 15 днів тому

    Where do I get link for the calculator

  • @FateOfTheElephant
    @FateOfTheElephant Рік тому

    Thank you so much for this Yolanda!

  • @tshedisomapule4995
    @tshedisomapule4995 Рік тому +2

    Good day my Sister. I love your work.
    If I may ask: from you perspective, which institutions are best in South Africa for one to register a Retirement Annuity with?

    • @FinanciallyFabulousFemales
      @FinanciallyFabulousFemales  Рік тому +1

      Thank you. Products recommended falls under financial advice. Please book an appointment and we can provide guidance

    • @tshedisomapule4995
      @tshedisomapule4995 Рік тому +1

      Alright my Sister. I will get my affairs in order and I shall contact you soon. 🙏

    • @trumpthelegend6357
      @trumpthelegend6357 7 місяців тому +1

      Tshediso, the best RA would be to not get one. Build a business instead and earn cash. Cash is invisible to the government

  • @dineosibiya2123
    @dineosibiya2123 3 місяці тому

    just what l needed thank you

  • @jacobkuruvilla3771
    @jacobkuruvilla3771 2 роки тому +3

    Great video.Was looking for something like this for some time

  • @tammymoodley5922
    @tammymoodley5922 Рік тому

    Hi,i just xame across ur video and it is very insightful.i have one question if u dont mind.i do contribute towards pension fund via my employer but i nevr get any tax rebate in my 20 yrs of employment.

    • @FinanciallyFabulousFemales
      @FinanciallyFabulousFemales  Рік тому

      Best to get help from a tax consultant. Reach out to Kantha. Link in the description

    • @RuthKaylor
      @RuthKaylor 4 місяці тому

      Hi Yolanda can you please forward link for the calculator. Very informative thank you

  • @adebanjoaromolaran7282
    @adebanjoaromolaran7282 Рік тому

    Good day, this video is very insightful. I however am confused on how you got the marginal rate and total retirement contribution to determine my refund. Can you please clarify for me to understand?🙏🏾 Thank you

  • @unarine339
    @unarine339 Рік тому +1

    Hi, thanks for this insightful video. Just wanted to find out, if you are currently contributing to a provident fund with your company at the maximum 27.5%, are you still able to contribute to an RA as long as the annual contribution is under R300k for both? Or is the 27.5% limit for both the provident fund and RA combined?

    • @FinanciallyFabulousFemales
      @FinanciallyFabulousFemales  Рік тому +1

      Yes you can, there will be a rollover. If you exceed your allowable contribution there will be a roll over to the next year. Every amount by which you over contribute annually will keep rolling over until you retire from your Retirement Annuity.
      Regarding the limit, the maximum is 27.5% or the maximum of R350 000.

    • @dudettethechicklet2828
      @dudettethechicklet2828 11 місяців тому +1

      Limit is 27.5% or max R350k for both together.

  • @mothesecharlie4797
    @mothesecharlie4797 2 роки тому +1

    Hi, is there no way for tax exemption for paying tuition fees?

  • @mariaanjansevanvuuren1704
    @mariaanjansevanvuuren1704 Рік тому +1

    Do you have to pay taxes if you haven't worked in 25 years but I researched start doing trading forex

    • @FinanciallyFabulousFemales
      @FinanciallyFabulousFemales  Рік тому +2

      Taxes are due on income earned. A tax consultant can help you identify the type of tax needed

    • @taxwayneadvisory
      @taxwayneadvisory Місяць тому

      @@mariaanjansevanvuuren1704 you have to e-file

  • @taxwayneadvisory
    @taxwayneadvisory Місяць тому

    This information is what you find on a sars video lot of amateur .... there is about 90 per7cent info missing. i do this for twenty years with sole prop smme people overseas etc

  • @bonjovi7120
    @bonjovi7120 Рік тому +2

    This is amateur stuff

    • @treasuremngadi8824
      @treasuremngadi8824 Рік тому

      Shut up

    • @dudettethechicklet2828
      @dudettethechicklet2828 11 місяців тому +3

      Please share the pro stuff I need to know more

    • @bonjovi7120
      @bonjovi7120 11 місяців тому

      @@dudettethechicklet2828 if you have your own business then find an accountant that specializes in tax. My accountant allow me to put a lot of expenses through my business. Therefore I do not need a big salary which results in less taxes🤣🤣

    • @markmcculloch2570
      @markmcculloch2570 5 місяців тому

      Bloody rude thing you are !!!

  • @tevinmorake8924
    @tevinmorake8924 8 місяців тому +1

    Great content. I don't see a link to the excel sheet.
    Please share @FinanciallyFabulousFemales