The Old Mutual experts offer in-depth coverage and analysis of the 2015 Budget Speech and how it will impact you.
TAX FREE SAVINGS ACCOUNT
To promote an increase in household savings, the National Treasury has announced that they will introduce a legislation that allows for the provision of Tax Free Savings Accounts from March 2015.
BUDGET INSIGHTS FROM DERICK FERREIRA
Derick Ferreira, Head of Product Management at Old Mutual shares his insights on the impact of the Budget Speech on South Africans.
KEY TAKEOUTS FROM THE BUDGET
Sore Cloete, Legal Manager at Old Mutual unpacks the Budget Speech.
BUDGET TO BRING CLARITY TO RETIREMENT SECTOR
The 2015 National Budget Speech is expected to bring further clarity on Government's commitment to positive retirement outcomes for retirement savings, as well as society at large.
BUDGET PREVIEW 2015
More convincing fiscal consolidation should beyond doubt be the key focus of the Budget this week, says Old Mutual Investment Group. Government will need to ensure they adhere to the budget deficit targets as well as improve on them in order to convince markets and rating agencies of their commitment to lowering South Africa’s deficit.
CHANGES TO DISABILITY POLICY TAXES
From 1 March 2015, the government will introduce a new way of taxing policies that protect people against loss of income due to a temporary disability or retrenchment. The motivation for the change is to make the tax treatment of income protection policies the same as other similar insurance policies, such as severe illness or permanent disability.
TAX-FREE SAVINGS ACCOUNTS - A BOON FOR YOUNGER SAVERS
The tax-free savings accounts (TFSA) that come into effect in South Africa on 1 March are an encouraging development for South Africans who want to save, says Derick Ferreira, product head of Customer and Intermediary Solutions at Old Mutual. “Tax-free savings accounts will make it much easier and more attractive for South Africans to save,” he says.
IS SOUTH AFRICA AT A FISCAL CROSS ROAD?
Budget previews usually focus on shorter-term issues, such as possible changes to tax rates. But often sight is lost of the key issue: the long-term sustainability of government’s debt position. This is a major challenge facing Finance Minister Nene. In this article Old Mutual Wealth considers seven questions that help bring the issue into focus.
YOUTH RESPOND TO ECONOMIC GROWTH
The question of how government plans to improve South Africa’s economic growth will be a key component of this year’s National Budget Speech. In tandem, South Africa’s brightest economic students have also contributed their thoughts as to how best this can be achieved.