Time is of the essence if you want to make the most of tax breaks available to retirement fund investors each year to boost your retirement savings. If you haven't made the most of the tax deductions for retirement savings and you want to top up your savings before the tax year ends, you need to contribute an additional amount to your existing fund or start a new one within the next week, as it takes about a week for the application to be processed, says Lisa Griffiths, associate director at BDO Wealth Advisers. Saleem Sonday, head of group savings at Allan Gray, says that by contributing to a retirement fund (pension fund, provident fund or retirement annuity) or a tax-free investment you can access attractive tax-saving benefits. Both offer you tax-free growth on your savings, which can save you lots in tax, but contributions to a retirement fund have the additional benefit of being tax deductible. If you contribute to a retirement fund before the end of the tax year, you could ge...

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