04/03/2026
Dear Valued Client,
With the new financial year now open, we would like to inform you of important updates that may benefit your financial planning.
The annual tax-free investment amount has increased from R36,000 to R46,000. This provides you with an opportunity to invest a higher amount while enjoying tax-free growth within the allowable limit.
In addition, the maximum allowable contribution to an annuity has increased from R350,000 to R430,000 per year. This adjustment allows for greater retirement savings while taking advantage of the associated tax benefits.
If you would like to increase your contributions in line with these new limits, please let us know and we will gladly assist in making the necessary arrangements.
We look forward to helping you make the most of the new financial year.
Kind regards,
PSG Diamantveld Kimberley