Tax on investments

Declaring your investments

● won’t necessarily incur additional tax on the amounts you declare because each year you enjoy an exemption for interest of R23 800 (or R34 500 if you are older than 65); Dividends tax is paid on your behalf ● by the company in which you own shares or the company that manages your unit trust or ETF; You can make up to R40 000 ● of capital gains each year without paying tax; and

If your investment is in a tax-free ● savings account, you don’t pay any tax on the interest, dividends or capital gains.

Sars will apply all these exemptions for you, though.