Maximising the tax breaks
Have you considered the following:
Up to 27.5% of your retirement fund contributions are tax deductible subject to a maximum of R350 000 per year
Investing in a tax free investment will ensure that the interest income is fully exempt and not subject to the interest exemption limits.
Contributions to a medical aid will earn you Medical Scheme Credits which could reduced your tax by R12 816 for a family of 4
If you use your car for work purposes you can claim a deduction.
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