Early Breakfast with Africa Melane

Finance: Taxes on investments

Guest: Kobus  Kleyn | Certified Financial Planner  at Financial Planning Institute of South Africa (FPI) Kobus Kleyn, a Certified Financial Planner with the Financial Planning Institute of South Africa (FPI) explains that  different types of products incur different rates of tax. Three main taxes apply to investments: you are taxed on income earned from interest, there is a withholding tax on share dividends, and you are taxed on a capital gain when you trigger a capital gain event. These taxes are all lower than your marginal income tax rate, which is the highest bracket rate for your annual earnings level.

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