FREE software from Softbyte Computers – the same company who develops software used by thousands of financial and tax consultants as well as by major financial institutions. Old Mutual have acquired a license agreement to use our WinTax software every year for the past 20 years. This same R/Fund Advantage calculator is also one of the feature options in our WinTax2018 and SoftFin programs. Although we at Softbyte Computers hold the copyright for this R/Fund Advantage program we do give permission to any institution, organisation or person to distribute free copies, at no charge, to any party or person. Scroll down to the bottom of this page to the link where you may download and install your free copy now! It will cost you nothing and you have everything to gain!
The new laws regarding the calculation of the allowable deduction for Retirement Fund contributions are much more complicated than they first appeared when they were announced in March 2017. Determining what amounts can be included in “remuneration” and what amounts make up “taxable income” is vitally important if you want to work out the 27.5% limit correctly.
This new “RF Advantage” program explains how to arrive at the correct amounts and will explain exactly what portion of any RF contributions will be paid by SARS. In many cases SARS will pay over 40% of contributions for the taxpayer. The program is totally convincing to any taxpayer. There is no other sales-aid out there that works so well in convincing a client of the advantages of investing in retirement funds. The calculator’s on-screen HELP and the set of short video tax lectures, accessible on-screen, will explain everything you ever wanted to know about the new Retirement Fund contribution laws and the huge tax and financial benefits associated with R/F contributions.
If this program works only once for you then it will turn out to be the best free gift ever!
You only have to enter three amounts onto the screen and the on-screen HELP and the tax lectures videos will tell you EXACTLY what you need to enter for remuneration and EXACTLY what amount you need to enter for taxable income. The calculator will show, in this example, that SARS will be paying 41% of the retirement fund contributions for the taxpayer. In this example, the taxpayer will retire with a full pension plan that R 120,000 a year in contributions bought but having only paid only R 70,800 a year for it. SARS will have generously paid the balance of R 49,200 a year for the taxpayer. Change the contribution amount, the remuneration or taxable income amounts and instantly display the new savings and percentages etc. Print the report and/or email it.