Make your package pay Oct 7, 2009
If you earn less than $180,000 and hence pay less than the top marginal rate of tax then Paul Ellis says it often makes sense to make after-tax contributions for a salary-packaged car and car parking because they are taxed at concessional rates. The key to gaining the most benefit from packaging is to choose the car you would buy if you were paying for it yourself. (Sydney Morning Herald -- Business)
Tax: why RAs rock Jul 23, 2009
For collective investment schemes (such as Satrix) all the interest and gains are taxable in the hands of the investor at their respective marginal rate of tax. Of course, for Collective Investment Schemes, there are some attractive exemptions offered by SARS that could sweeten the deal. (iAfrica.com)
Taxing two properties Apr 30, 2009
Therefore, ones effective rate of capital gains tax would be determined by multiplying ones marginal rate of tax by 25 percent. For example, a person in the highest tax bracket (40 percent) would have an effective capital gains tax rate of 10 percent (marginal rate [40 percent] x inclusion rate [25 percent] = 10 percent). (iAfrica.com)
Tax on endowment policies Mar 5, 2009
One should be quick to note that once you retire, all income that accrues from your living annuity is taxable at your marginal rate of tax. The exception to this is the concessions made at retirement where any lump sum taken is taxed according to a tax table. (iAfrica.com)
