Budget Speech 2015/2016

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The budget speech for 2015 / 2016 did not deliver a lot to smile about. The marginal income tax rate for individuals earning more than R 181,900 increased with 1%. You can find the personal income tax tables here…


The two positive changes brought in from 2015/2016 are the increase in foreign allowance and the new interest free tax savings account.
Read about the new tax free savings account here… Read more about the new increased foreign allowance here…

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