1. Maximise Your Tax Savings with a Retirement Annuity
An additional contribution to your RA can result in significant tax savings. For instance, adding R10,000 could save you up to R4,500 in taxes this year*, boosting your retirement fund while potentially getting money back from SARS when you claim the deduction.

*Note: Savings depend on your marginal tax rate, current contributions, and the annual deduction limit.

2. Enjoy Tax-Free Growth with Tax-Free Investments
If you haven’t yet reached the R36,000 annual contribution limit on your tax-free investments, now is the perfect time to make an additional contribution. Interest earned within your TFI is not taxed, allowing your savings to grow faster and giving you a head start on your 2025 savings goals.

3. Fully Utilise Your Contribution Limits
Each tax year, you can contribute up to 27.5% of your taxable income to retirement funds, capped at R350,000 annually. Additionally, you can invest up to R36,000 annually in tax-free investments. If you haven’t yet hit these limits, an extra contribution can maximise your tax benefits and have a lasting impact on your savings.

4. Set the Tone for Smart Financial Decisions
Starting the year with intentional financial actions builds momentum for a prosperous 2025. By topping up your RA or TFI, you’ll prioritise your financial well-being and establish a strong foundation for future growth.

Start the Year on the Right Financial Footing

Topping up your retirement annuity or tax-free investments is a simple yet impactful way to prioritise your financial well-being in 2025. Remember, there’s no limit on the number of tax-free investments you can hold across providers, but your total annual contributions cannot exceed R36,000. By acting now, you’ll not only take advantage of tax benefits but also set the stage for a more secure financial future. Don’t wait until it’s too late—make your additional RA or TFI contribution today and ensure your savings work harder for you.