Last Updated on July 30, 2022 by The MediFi Guy Following on from our previous discussion of Tax-Advantaged Investment Accounts, we’ll now cover the two Types of Tax-Advantaged Accounts in South Africa. These are the Retirement Annuity and the Tax-Free Savings Account. The Purpose of Tax-Advantaged Accounts As we’ve touched on before, the government created tax-advantaged accounts to encourage people to save for their own retirement. They do this by offering incentives in the form of tax deferrals and exemptions not offered by traditional investment accounts. Taxes are the single…
Read MoreWhat are Retirement Annuities and Tax-Free Savings Accounts?
