TOP UP YOUR TFSA AND RA BEFORE THE 2025 TAX YEAR ENDS
It is time for your TFSA
and RA contributions.
As the 2025 tax year draws to a close, now is the perfect time to maximize your tax benefits by topping up your Retirement Annuity (RA) and Tax-Free Savings Account (TFSA) before the deadline.
Why Top Up Your RA?
- Contributions are tax-deductible, reducing your taxable income up to certain limits.
- Growth within the RA is entirely tax-free, free from capital gains tax, dividends tax, and tax on interest.
- These benefits enhance the compounding effect, helping you build a stronger retirement fund.
Why Top Up Your TFSA?
- Contribute up to R36,000 per year, with a lifetime limit of R500,000.
- All growth in a TFSA is completely tax-free, providing a smart way to grow your wealth.
To ensure your contributions are allocated before the tax year ends, please reach out to us before 21 February 2025.
Explore tax-efficient investment approaches. Contact us today!
