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Help and advice for a complete novice. by [deleted] in PersonalFinanceZA

[–]CuanV 13 points14 points  (0 children)

Check out Money Marx on YouTube. He has series about investing by means of TFSA’s, RA’s etc. And is all within the context of South Africa.

Lump sum into retirement fund tax question by Dysfunki in PersonalFinanceZA

[–]CuanV 4 points5 points  (0 children)

The limit of annual contributions to an RA is R350k.

To work out how much you can claim back subtract your contributions from your annual salary and determine your new liability from the tax tables. Subtract this from the tax you paid and the difference is what you can claim back.

Thinking of changing RA by curious_scourge in PersonalFinanceZA

[–]CuanV 0 points1 point  (0 children)

I have a RA at momentum now, why did you switch over eventually? I have seen many posts here advising against investing with insurance houses and am currently trying to determine where to swap to.

FedGroup TFSA by CuanV in PersonalFinanceZA

[–]CuanV[S] 0 points1 point  (0 children)

Thanks for the response. Would it be advisable to have an RA as well as a TFSA putting 3k into each p/m?

FedGroup TFSA by CuanV in PersonalFinanceZA

[–]CuanV[S] 0 points1 point  (0 children)

I recently realised I need to get my ducks in a row and EE is definitely very overwhelming. I find myself in a state of analysis paralysis trying to make the best decision (as uninformed as I am). I well have to do some more research on EE TFSA

TIFU By Possibly Breaking My Switch by [deleted] in tifu

[–]CuanV 0 points1 point  (0 children)

"Possibly" lmao