ALLAN GRAY – How to maximise your tax benefits this February

Allan Gray Kaya Biz

The end of the tax year in February presents an opportunity to evaluate the tax efficiency of
your financial plan. With many competing financial priorities in the current economic
climate, as well as the pending changes to the retirement fund system, you may be
wondering whether maximising the annual tax incentives still makes sense.
Discussion points:
 Why is it important to think about tax when you consider your financial plan?
 What are the tax benefits of saving for retirement using a retirement annuity?
 How do these compare to the tax benefits of investing in a tax-free investment
product?
 What happens if we “overcontribute” towards our retirement savings in a year?
 How can we benefit from excess contributions?
 What practical things can we do to get our tax affairs in order?
 For Allan Gray clients, what are the cut-off dates for this tax year’s contributions?
 Lastly, the million-dollar question, what can we expect from the 2024 Budget
speech? Kaya 959