We’ll all be poorer when this year’s “tough, but hopeful” Budget kicks in.
Just some of the hits to your pocket include a one percentage point hike in the Value Added Tax rate; a fuel levy hike of 52 cents a litre; all the usual “sin tax” hikes…
Ingram discussed the financial planning implications of the Budget.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Finance Ministers are many things. The one thing they are not is entertaining!— Warren Ingram, Galileo Capital
From a financial planning point of view… I got a lot of decent signals.— Warren Ingram, Galileo Capital
It’s leaving fund managers to make unconstrained decisions…— Warren Ingram, Galileo Capital
Not much has changed from a savings or investment point of view.— Warren Ingram, Galileo Capital
You should feel very little constraints to putting money into retirement funds… it’s a no-brainer… definitely do a tax-free savings account…— Warren Ingram, Galileo Capital
It could easily have been a Pravin Gordhan or Trevor Manuel budget!— Warren Ingram, Galileo Capital
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