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Do you think that the section 10(1)(i) interest exemption should be increased each year?

Posted 30 July 2012 under Tax Q&A


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Do you think that the section 10(1)(i) interest exemption should be increased each year? Why or why not?

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
24 July 2012 at 11:36

Unless government can offer other savings incentives which result in taxable benefits for the taxpayer, yes I do believe that these interest exemptions should be increased year on year. The increase should however take into account the real rate of return on similar investments, not only limited to cash returns, and not the usual inflation related bracket creep. Taxable savings benefits should be there to encourage savings not just move with inflation.


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