February 18, 2015 admin

Why the end of the year tax is important to you


Government encourages us to save for our retirement by offering us tax incentives if we invest in a registered retirement fund. As a tax payer it is important to keep track of your contributions into your RA, so that you can maximise this benefit by making additional contributions when your cash flow allows. February is an important month as it is the last opportunity to make use of these incentives before the tax year ends. Here is a summary of some of the key features and benefits of contributing to a retirement annuity (RA).


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