Tax has a significant impact on the returns of your investment. If, like most of us, you would like to see more return in your account and less in the hands of the tax man, it is important to engage with the details and understand which product is best for your circumstances. If you don’t need immediate access to your money, it is worth taking advantage of the incentives the government has put in place to encourage us to invest for the long term. These incentives can be attractive, particularly when you look at how the value compounds over time. Jeanette Marais and Richard Carter discuss how taxes are applied in different investment products and how this ultimately affects your investment returns. Numerous studies have been conducted globally on people’s attitudes towards paying tax. The question of why people pay or evade tax has received much attention. While the studies come from different standpoints and cover a lot of moral ground, there is a common thread: most people don’t li...
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