n Tax Breaks Newsletter - The changes : Budget 2014
|Article Title||The changes : Budget 2014|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Mar 2014|
|Pages||2 - 3|
One of the positive outcomes from Finance Minister Pravin Gordhan's Budget speech is the fact that Parliament proposed an increase in the cumulative exemption for retirement and severance benefits from R315 000 to R500 000. This will result in a higher tax-free portion once these benefits are paid out.
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