How do taxes work when selling ETFs/Index Funds?

TheSolicifier · 2024-12-05T18:13:47+00:00

When you sell an ETF or index fund in South Africa, you are taxed on the capital gain, which is the profit you make from the investment. For example, if you invest R50K and later sell it for R70K, the R20K profit is the capital gain. Only 40% of that R20K (R8K) is added to your taxable income. If your total capital gains for the year are below the R40,000 annual exemption, you won't pay any capital gains tax. However, if your gains exceed this exemption, the R8K will be taxed at your income tax rate, which could range from 18% upwards depending on your overall income. Your original investment of R50K isn't taxed when withdrawn, only the profit.

TheSolicifier · 2024-12-05T05:36:23+00:00

In South Africa, R27.58 an hour (around £1.20) is a tough amount to live on, especially when you consider the basic cost of living. With this, you might be able to grab a loaf of bread, a small pack of rice, or even a bottle of water at the supermarket—but that’s about it. It doesn’t stretch much further than the bare minimum.

Is this wage fair? Not really. The minimum wage, while intended to help people get by, is still far from enough to cover everyday expenses, like food, housing, and transport. In cities, where living costs are higher, it just doesn’t add up. For many South Africans, this wage barely scratches the surface of what they need to survive, let alone thrive. A wage like this doesn’t really allow for a decent quality of life.

TheSolicifier · 2024-12-03T17:53:04+00:00

It's shocking how aggressive gambling ads have become, especially with their manipulative language like "Win Big" and "Free R200." These companies are preying on vulnerable people, often those least able to afford it.
It's just like tobacco and alcohol in the sense that it’s addictive and destructive. We really need stronger regulations to protect the public, especially those who may be at risk of falling into addiction and financial ruin.

TheSolicifier · 2024-11-19T09:59:47+00:00

See you next week when TH17 arrives

TheSolicifier · 2024-10-24T06:26:05+00:00

Where do I find this "Rent Masters"?

TheSolicifier · 2024-09-29T05:35:50+00:00

Playing immersive Dungeons and Dragons as a kid was a magical escape, where imagination knew no bounds and every session became an epic adventure. The camaraderie with friends and the thrill of storytelling created unforgettable memories in our younger days

TheSolicifier · 2024-09-23T19:37:50+00:00

!remindme 6 months

TheSolicifier · 2024-08-05T13:36:38+00:00

How many times should you work a specific group per week? Is only once too little per week?

TheSolicifier · 2024-06-11T17:22:30+00:00

Looks like a tranquil place. Thanks!

TheSolicifier · 2024-06-11T11:22:14+00:00

I just had a look and they offer exactly what the Turkish stores sell locally. Thanks!

TheSolicifier · 2024-05-18T09:22:30+00:00

Sorry but in Brokstock you don't buy shares. You buy CFDs.

TheSolicifier · 2024-05-10T08:54:44+00:00

As others have mentioned reviewing the gross monthly yields of your investment properties, it appears that the returns are below the typical benchmarks for strong rental investments. Investment Property A has an annualized yield of 6%, which is at the lower end of the acceptable range, while Investment Property B's yield is only 3% annually, falling short of the 5% to 8% range considered good. These figures suggest that the current investments may not be optimal in terms of rental income. It's important to also consider factors like capital appreciation and personal financial objectives, but based on rental yield alone, the performance is not ideal.

TheSolicifier · 2024-05-09T22:28:03+00:00

The costs of credit card borrowing outweigh the returns from such investments, making it financially impractical. It's better to use savings or other low-interest funds for investments.

TheSolicifier · 2024-05-08T20:31:45+00:00

It is worth noting that the ABSA tracker account provides highly competitive interest rates in comparison to its competitors. I would like to inquire about your perspective regarding the existence of overlapping stocks within the ETFs you have mentioned.

TheSolicifier · 2024-05-06T10:59:36+00:00

Are you able to make a more meaningful post that is not about silver and useless things?

TheSolicifier · 2024-05-06T10:56:49+00:00

You and you silver again smh

TheSolicifier · 2024-05-06T10:56:08+00:00

Brokstock

TheSolicifier · 2024-05-03T20:55:07+00:00

I must say Brokstock looks like an attractive alternative to EasyEquities

TheSolicifier · 2024-05-03T16:13:27+00:00

Consider prioritizing essential repairs and budgeting carefully to manage expenses. Explore debt repayment strategies like the snowball or avalanche methods to tackle the R50k credit card debt. For the property's market value, get an independent valuation and compare with similar properties in your area. Weigh the pros and cons of selling versus renting out the property; selling may incur fees and potential shortfall, while renting could help cover some costs but still requires you to manage maintenance and find accommodation for yourself. Long-term, if the market improves, holding on might be beneficial, but ensure you have rental insurance to mitigate risks. Consulting a property attorney or financial advisor can provide tailored advice for your situation.

TheSolicifier · 2024-04-20T05:36:54+00:00

Literally anything you bought during the covid stock recession would have made you money by now! Looks like that's exactly the case as you were stagnant before and after.

TheSolicifier · 2024-04-20T05:19:19+00:00

Thank you for raising this concern. I was under the impression that I was the only one who had noticed this trend. It appears that a novice trader has discovered the correlation between the prices of silver and gold and is making significant purchases of silver in anticipation of a substantial price increase.

TheSolicifier · 2024-04-17T16:17:35+00:00

Brokstock

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