Young South Africans save differently

Why starting early matters Young South Africans often focus on studying, landing a first job, or paying off immediate expenses, but retirement savings should begin as soon as income starts. The main reason is simple: time gives money room to grow, and delaying...

Her Money, Her Future

Financial planning is part of women’s well-being This National Women’s Day, we celebrate the strength, resilience and contribution of women across South Africa. But celebrating women must also include an important conversation about financial security. Personal...

Declaring Trust Involvement and Income on the South African ITR12

What Is a Trust? A trust is a legal arrangement in which one or more trustees hold and administer assets for the benefit of beneficiaries, in accordance with a trust deed and applicable law. A trust is generally a separate taxpayer and must meet its own legal,...

Company Car (Fringe Benefit) vs Travel Allowance (Business Use)

1) The big picture In South Africa, the key difference is how your employer supports transport: • Company car (fringe benefit): Your employer provides a car and you often may use it privately as well as for work. Because you receive a real benefit, SARS taxes the...