@heikoinvests: Take the free money. 💰 Your employer and SARS are both willing to help fund your retirement, but only if you claim it. Many employers contribute more when you choose a higher contribution rate. If you picked the lowest option to boost your take home pay, you could be turning down part of your own salary. Ask HR exactly how your company's contributions work. Then use the tax deduction. Contributions to a pension fund, provident fund or retirement annuity are deductible up to 27.5% of your income, capped at R430 000 a year. In the 36% tax bracket, R1 000 into your retirement fund only costs you R640. Self employed? You still get SARS's contribution through a retirement annuity. Comment MONEYSTEPS and I'll send you the full South African checklist. Follow for Step 3. Disclaimer: Educational content only, not financial advice.

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2026-10-05 17:33:14

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