Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

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

Posted 30 July 2012 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
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 Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim 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.


Get Tax Deadline Reminders, News and Tips
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →