Budget 2017 and tax: The good (there is some), the bad and the ugly

The dividends tax hike to 20% is quite a lot.

Marc Sevitz, TaxTim

If you earn R15 000 per month you’ll have R11 extra in your bank account. But inflation will take that away.

Marc Sevitz, TaxTim

The tax free savings contribution hike from R30 000 to R33 000 is good. It’s more than an inflation increase.

Marc Sevitz, TaxTim

The Money Show’s Bruce Whitfield interviewed TaxTim cofounder Marc Sevitz.

Sevitz analysed the Budget Speech Finance Minister Pravin Gordhan delivered on Wednesday.

For more detail listen to the interview in the audio below.

Click here (then“like” the page) to follow Bruce on Facebook.

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Article brought to us by Old Mutual.


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