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Don't miss the 30 June deadline for Section 12J tax benefits – but be sure to also invest for long-term growth

Investors only have until 30 June, 2021, to take advantage of the generous tax deductions available by investing in a Section 12J Fund. ....

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You have two months left to access Section 12J tax benefits; be sure to choose your investment wisely.

You have two months left to access Section 12J tax benefits; be sure to choose your investment wisely.
This content is brought to you by Lucid Ventures
The recent budget speech by Finance Minister Tito Mboweni brought good news and bad news for investors wanting tax efficient investment opportunities. The bad news was that sunset clause relating to Section 12J of the Income Tax Act would not be extended. But the good news is that investors still have until 30 June 2021 to invest in a Section 12J fund and reap the significant tax benefits by offset the full capital amount of that investment against their tax liability for the 2012/22 financial year. ....

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