Uncategorized

# Can You Borrow Against the Savings Pot Under South Africa’s Two-Pot System? 

Leave a Comment / Personal Finance, SARS, SARS, Tax /

With the introduction of South Africa’s two-pot retirement system, many individuals are asking whether they can access funds in a more flexible way — specifically, whether it is possible to borrow against the savings pot instead of withdrawing from it . ## No Direct Borrowing Facility  Under the current framework, there is no mechanism that […]

# Can You Borrow Against the Savings Pot Under South Africa’s Two-Pot System?  Read More »

Understanding the Tax Consequences of Early Withdrawals Under South Africa’s Two-Pot Retirement System

Leave a Comment / Management, Personal Finance, SARS, SARS, Tax, Uncategorized /

South Africa’s two-pot retirement system has introduced greater flexibility for members who need access to funds before retirement. While this can provide short-term financial relief, it’s important to understand the tax implications of withdrawing from the savings pot early. #### How Are Early Withdrawals Taxed? Any withdrawal from the savings pot before retirement is treated

Understanding the Tax Consequences of Early Withdrawals Under South Africa’s Two-Pot Retirement System Read More »

Key Tax Changes from the 2026 National Budget: What Accounting Practitioners Need to Know

Leave a Comment / Management, SARS, SARS, Tax /

The 2026 National Budget introduces several tax updates that directly impact payroll calculations, travel reimbursements and broader client tax planning. For accounting practitioners and payroll administrators, staying updated is essential to ensure compliance with South African Revenue Service (SARS) requirements and to avoid payroll inaccuracies, incorrect tax reporting and potential compliance risks. Among the most important changes are the updated subsistence

Key Tax Changes from the 2026 National Budget: What Accounting Practitioners Need to Know Read More »

Online Voluntary Deregistration of Companies in South Africa

Leave a Comment / Uncategorized /

Online Voluntary Deregistration of Companies in South Africa There has been a meaningful shift in how dormant or non-trading companies can be closed in South Africa. With the Companies and Intellectual Property Commission (CIPC) moving voluntary deregistration fully online, the practical process has become significantly more streamlined — although not always in ways practitioners expect

Online Voluntary Deregistration of Companies in South Africa Read More »

Foreign Pensions — Major Tax Change Looming for South Africans

Leave a Comment / Management, SARS, SARS, Tax, Uncategorized /

Foreign Pensions By Meerkat Accountants, Plettenberg Bay Many South Africans have worked or lived abroad at some point in their careers, and continue to receive pensions or lump-sum benefits from foreign funds. Up to now, those foreign pensions have often enjoyed favourable tax treatment in South Africa — but that may be about to change.

Foreign Pensions — Major Tax Change Looming for South Africans Read More »

Are We More Connected – Or More Alone?

Leave a Comment / Management, Uncategorized /

Social media was meant to bring us closer. Instead, it may be quietly pushing us further apart — for all generations, not just the young. Traditional media — newspapers, radio, television — gave us a shared experience. Everyone read the same headlines, watched the same broadcasts, or listened to the same programs. That created common ground for conversation and

Are We More Connected – Or More Alone? Read More »

Top 5 Financial Mistakes I See From Businesses in Plettenberg Bay & Surrounds

Leave a Comment / Uncategorized /

Here’s a quick guide to avoid the pitfalls and keep your business finances healthy. Mixing Personal and Business Accounts One of the most common errors is using a personal bank account for business transactions. This makes bookkeeping messy, increases errors, and can trigger issues during tax audits. Tip: Open a dedicated business account and route

Top 5 Financial Mistakes I See From Businesses in Plettenberg Bay & Surrounds Read More »

Scroll to Top