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February 2015

A TOUGH YEAR AHEAD...

David Crosoer, our Executive: Research and Investments answers some pertinent questions about our investment perspectives for 2015 and what happened in 2014. He shares insight into the broader global economy, the local picture and just how PPS Investments has diversified its portfolios to minimise risk for clients and help to generate long-term wealth.

David Crosoer
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STC CREDIT – USE IT OR LOSE IT

Dividends tax was introduced into the South African tax regime on 1 April 2012 and replaced secondary tax on companies (STC). STC was levied on dividends distributed by companies at the flat rate of ten percent. In terms of the dividends tax regime, a 15% tax is levied on the amount of any dividend paid by a company. The company is liable to withhold the amount of the tax in respect of cash dividends and pay it over to the South African Revenue Service (SARS).

Grant Ward
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TOPPING UP YOUR RETIREMENT ANNUITY

Have you ever wondered why, at this time of the year, you receive a plethora of emails from investment businesses recommending that you top up your retirement annuity (RA)? The short answer is that the 2014/15 tax year closes on 28 February and you’re able to reap significant tax advantages by making an additional RA contribution before the tax year-end. Generally speaking, an additional investment into an RA is beneficial, provided that you have not yet reached your maximum tax deductible retirement annuity contribution for the year and provided that all money returned from SARS in future is reinvested into your RA portfolio.

Hugo Malherbe: Product Development Executive at PPS Investments.
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INVESTING INTO AFRICA MAURITIUS GBL 1 OR SA HOLDING COMPANY

Before addressing the topic of this article, it is appropriate to look at the proposed changes to the double tax agreement between Mauritius and SA announced in May 2014 and what the impact will be for investment by non-residents into SA and SA companies expanding offshore via Mauritius.

Keith H Turberville
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