With effect from 1 March 2013, tax exemptions on interest earned will be increased to:
• R23,800 a year for investors under the age of 65 (up from R22,800 per year); and
• R34,500 a year for investors 65 years and older (up from R33,000 per year).
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With effect from 1 March 2013, tax exemptions on interest earned will be increased to:
• R23,800 a year for investors under the age of 65 (up from R22,800 per year); and
• R34,500 a year for investors 65 years and older (up from R33,000 per year).