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Increase in the limit of the annual contribution to tax-free investments
- 27 March 2020
- Tax Administration
- The Tax Faculty
Important:
This Tax Law Change is effective from 1 March 2020.
Section 12T of the Income Tax Act provides for an exemption of:
- Interest earned;
- Dividends earned; and
- Capital gains realised
related to tax-free investments. The limit of the annual contribution to tax-free savings accounts was R33 000 per annum. It was announced in the Budget Speech that this limit will be increased to R36 000 from 1 March 2020.
Webinar Commentary
Access commentary and an in-depth technical summary on the Webinar-On-Demand presented by Prof Jackie Arendse here.
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