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How the 2017 Budget will affect your Retirement Savings

Willow Wood Office Park Cedar Rd & 3rd Street, Broadacres,, Sandton,

A deep dive into Tax increases 2017’s higher tax revenue of R28bn will come from five sources: R12.1bn from a minimal adjustment in taxable income thresholds. An increase to 45% in the marginal tax rate on income above R1.5 million to raise R4.4bn. About 100 000 taxpayers will be affected. Dividend withholding tax hike from 15% […]