Jozsef Borbely
Well-Known Member
Hi all,
A pretty boring budget speech this year in terms of financial planning.
The main announcement that might effect you is the change in the tax free lump-sum you can take if you retirement from a retirement fund. It was R315,000 it is now R500,000. From this point a retirement tax table takes over but we don't have the details on that yet.
Once I do I'll update this post.
For a info-graphic summary on the budget speech visit. http://www.financespotlight.co.za/budget-2014-summary/
It is quite a large image so give it a chance to load
A pretty boring budget speech this year in terms of financial planning.
The main announcement that might effect you is the change in the tax free lump-sum you can take if you retirement from a retirement fund. It was R315,000 it is now R500,000. From this point a retirement tax table takes over but we don't have the details on that yet.
Once I do I'll update this post.
For a info-graphic summary on the budget speech visit. http://www.financespotlight.co.za/budget-2014-summary/
It is quite a large image so give it a chance to load
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