Thursday 9 February 2017

Get higher RA growth rates and more money when you retire


Dear Valued Client

Get higher RA growth rates and more money when you retire

From 1 March 2016, the retirement annuity (RA) contribution tax deduction limit was increased from 15% to 27.5% of remuneration/taxable income. This means that you have an opportunity to maximise the amount you can claim as a tax deduction.

Through the Discovery Retirement Optimiser, you can get even more value for your retirement savings by converting your unneeded life cover into tax free cash for when you retire. You can also save up to 100% of all your fees when you invest in qualifying Discovery funds.

How can you take advantage of the increased RA limit:

  • You must invest your contribution by 24 February 2017. 
  • Your RA contributions must not exceed the annual cap of R350 000. 

Please arrange an appointment with me to contribute up to 27.5% to your RA.

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