Tax on endowments



Desiree says:
11 August 2015 at 22:51

What percentage of tax do you pay on endowments upon a husband's death, and his wife is the beneficiary?

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TaxTim TaxTim says:
12 August 2015 at 15:28

An endowment will be free from capital gains tax as you are the surviving spouse, but any income from the interest will be taxed at 30% and the dividends at 15%.



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