Tax breaks for retirement funding

WHILE THERE ARE VERY FEW TAX BREAKS FOR INDIVIDUALS, SOME HUGE ONES ARE AVAILABLE FOR RETIREMENT FUNDING

Retirement tax breaks in South Africa are designed to incentivise individuals to save for retirement and provide them with tax relief on contributions to retirement funds.

The government has implemented various tax incentives over the years to encourage individuals to save for their retirement and reduce their reliance on the state in retirement.

The tax breaks on offer benefit your contributions, the build-up of your fund, and (to a certain extent) when you draw them down.