MyMoney Online, Personal Finance with Warren Ingram

How this year’s Budget will affect your pocket

The 2019 National Budget in the tiniest of nutshells:

  • Minister Mboweni announced a small adjustment to the tax threshold; remaining brackets are unchanged, meaning some taxpayers will move into a new income tax bracket after a salary increase (i.e. “bracket creep”).

  • He increased the fuel levy by 30 cents a litre for petrol and 29 cents a litre for diesel.

  • Sin taxes are up.

The Money Show’s Bruce Whitfield asked Galileo Capital Personal Financial Advisor Warren Ingram critiques this year's budget.

Listen to the interview in the audio below.

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