FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


How does having an investment policy help reduce my tax?

Posted 12 August 2013

With Old Mutual I have an investment. Can I claim this as a tax deduction?

TaxTim TaxTim says:
13 August 2013 at 11:41

Unfortunately investments made do not offer a tax deduction. In fact, the interest earned and the dividends earned are subject to tax (i.e. you have to pay more tax) as they form part of your income.

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



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.