Update on Tax and Investments: Endowments
This is an update from an earlier post Tax and Investments: Endowments posted on the 30th July, 2014.
The change, as per the 2016/17 budget is:
Capital Gains are taxed in the hands of the insurer at an effective ate of 12% for individual policy holders. There are no exclusions.
Source: SARS Tax Guide
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