Here is one way to reduce your income tax bill. By taking advantage of SARS’s generous scheme to slash the income tax tax for taxpayers with children or relatives at registered educational institutions, a taxpayer can save tens of thousands of Rands in income tax. It is perfectly legal, the terms and conditions are strict but well worth the savings. Watch the video to see how SARS could pay for your children’s school or tertiary education. Most importantly, you have to get your employer to re-arrange income source codes on your IRP5 as explained in the video.
