Death and Disability cover

Death and Disability cover

Looking after those you love doesn’t have to stop when you’re no longer around. Our Life Cover pays out a lump sum when you die to whichever beneficiaries you choose. If you don’t already have life insurance or Death and Disability cover with Hollard Life, then this one’s for you…

Tax impact – Capital Gains Tax

Tax impact – Capital Gains Tax

Any interest earned on your investment is included in your gross income for that particular tax year, even if you have re-invested the interest. This means it forms part of your income and will be taxed according to your income tax rate.
You do, however, qualify for an interest exemption, so you will not pay income tax on the first R23 800 of interest if you are under the age of 65, or R34 500 if you are over 65.