Tax Year Cut Off for RA Contributions

Tax Year End cut off for Retirement Annuity Contributions

Contributions made to a Retirement Annuity are tax deductible in the tax year in which the contribution was made.

Business cut off dates are as follows:

• Direct deposits –the funds must reflect in the asset manager bank account by the 28th of February and the complete instruction must be received by the 15th March 2011.

• Direct debits – where client’s select payment method is a direct debit, the complete instruction must be received by asset manager on the 24th of February 2011 to be processed by the 28th of February 2011.

In order to avoid any inconvenience, we request clients to adhere to the above mentioned cut off dates.
If you have any queries please contact me on 074 136775 or 021 852 5506