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Two-Pot withdrawals could leave you with a higher Sars tax bill
South Africans receiving Sars auto-assessments are urged to check them carefully, particularly if they made two-pot retirement withdrawals or earn additional income. Financial experts warn that overlooking errors could result in unexpected tax liabilities.
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Why are some taxpayers excluded from auto-assessments? SARS sheds some light
Tax season is underway, with the South African Revenue Service (SARS) auto-assessing 1.9 million taxpayers. While many benefit from ready-made assessments, others may miss out.…
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Two-Pot withdrawals could leave you with a higher Sars tax bill
South Africans receiving Sars auto-assessments are urged to check them carefully, particularly if they made two-pot retirement withdrawals or earn additional income. Financial…
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Why you should check your SARS auto-assessment before accepting the refund
South Africans receiving SARS auto-assessments this tax season are urged to verify their details before accepting refunds. With R8 billion already paid out in just 72 hours,…
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Beware: That two-pot withdrawal may come with a tax surprise
South Africans accessing their retirement savings through the Two-Pot Retirement System should be aware of potential tax surprises when filing their annual returns