You Pay These 6 Taxes on Savings & Investments - Diversify for Tax Efficiency

[@Sanchyfab]

Tax planning is crucial for optimizing investment returns. If not planned well, taxes can eat into your gains and significantly affect your portfolio growth.

[@Sanchyfab]

proper tax planning can help minimize tax liabilities and maximize after-tax returns. It's essential to consider factors like capital gains taxes, dividend taxes, and tax-efficient investment strategies.

[@Deitricklaverne]

That's true. Changes in tax policies, both domestically and internationally, can have significant implications for investors. It's crucial to work with financial advisors who understand these complexities and can help navigate them effectively.

[@Deitricklaverne]

Well with the ever-changing global economy, tax laws and regulations can also vary, impacting how investments are taxed. It's essential to stay informed and plan tax strategies accordingly.

[@camela8445Mar]

Financial planning and retirement strategies are crucial, especially in today's economic climate. With global economic fluctuations and uncertainties, it's essential to have a solid plan in place to protect your financial future.

[@camela8445Mar]

the strategies are quite rigorous for the regular-Joe. As a matter of fact, they are mostly successfully carried out by pros who have had a great deal of skills and knowledge

[@Vuri_]

Everything should be working, in South Africa for all the tax that that’s levied!!!!

[@PalesaMalefetse]

Keep the videos coming. We are taxed on an already taxed salary, food & Clothes Vat, petrol levy, even when you save and invest... Adulting 🤕🥴😵🤡🤡

[@sbc409]

This is one of my favourites episodes as I couldn't understand why my interest tax is so high on bank related savings. I even did my returns after getting an auto assessment but still owed the same amount 😂

[@paulinemahamo5150]

Too bad😮 Thanks for the information. We learn everyday.

[@tshepanghlanyane4862]

Thank you for the information❤

[@thabanggladson8217]

The 2-pot system didn't work out well for me. I only received R2k out of R18k. I owed SARS R11.9k, and there was also a marginal tax on the withdrawal. 😒 The only good thing is that I am free from SARS now.

[@LadyT06]

Nkala gore ka that 12k because it's a lot 😢!!

[@mskhumalo5118]

😮😮😮 eish

[@thabanggladson8217]

​@@LadyT06 It was tough, I won’t lie. Even though nekele aware ka SARS debt, seeing the tax on the total amount felt like robbery. 😅😅 but we move. Lesson learned not to mess with SARS. Vele oka lla trust me

[@thabanggladson8217]

@@mskhumalo5118 ke mathata.. But least they owe me -R107 now 🤣🤣🤣 but ey it was hard to come to terms le yona.

[@KatlegoMasego]

Thank you for the upload. Subscribed!

[@zincanegumede8653]

Wow ngiyabonga. Keep it up.❤

[@pillay83]

SARS: scamming Average Residents in Southafrica 😅

[@drd.o.c5410]

😂😂😂😂

[@drd.o.c5410]

The financial advisor fees I have seen it, and it's painful because it chaos the original amount. Aii, this world

[@pillay83]

I heard the TFSA is 40% 😮

[@Mtshepana380]

Is one allowed to deposit R500k once off in TFSA?

[@zaheersayedumar2398]

Nope, only R36K per year(Mar to Feb) limited to R500K in your lifetime

[@malingasimangele6553]

No

[@mandimg_1804]

Good content as always. Please check your mic, there seems to be a bit of an echo and interruption to the sound wave. 🤍

[@LadyT06]

I reckon it's because of the mic pressed against the oesophagus.