With 2022 having approached quicker than most of us had anticipated, some eyes are already set on the end of the financial year where many investors are faced with a key question: Should I top up my annual contributions to my retirement funds? The obvious answer to this question for most is a resounding “yes” especially considering the various tax advantages offered by retirement products in South Africa.
Using the Wealth Integrator, we considered all the following investment options along with Bob: We have applied the following assumptions: Tax applied to interest and capital gains are described in each scenario for discretionary investments and a 20% tax rate is applied for dividends. Annual Interest and capital gains tax exemptions are ignored to simplify the scenarios .
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