How to make your income tax rebate a win win!

Finance journo Colin Ford is making his tax rebate work for him AND cancer awareness, what are you doing with yours?

Ah, tax season. That time of the year when you promise yourself for months that you’ll go online and get your taxes sorted out on time. Yet every year, without fail, you find yourself running around like a chicken without a head on the day before your return is due looking for your latest RA certificate or proof of interest income or whatever piece of paper has been preventing you from filing for the past five months. Sound familiar?

This year, why not do things differently? Why not file your tax return today? It’s really easy. All you need to do is register at SARS and just do it! If you don’t already have them, start chasing your IRP5, your various certificates, proof of additional income and expenses (if you have any), etc. Your EasyEquities tax certificate is easily downloadable here, so that’s one down already. The rest shouldn’t be too hard to get hold of. 

And then, if you do get a tax rebate, think carefully about what you want to do with it. This is money for mahala! It’s something that you probably weren’t budgeting for. It’s an unexpected bonus. So why not put it to work for you?

The most sensible thing to do would be to invest it – and an EasyEquities PinkDrive basket is just the right place! The PinkDrive baskets are made up of 10 stocks that have been selected and weighted by financial analyst Mark Ingham and PinkDrive CEO Noelene Kotschan. The stocks in the basket are:

Having someone choose your stocks for you really helps to take the ummmmmm out of investing. These are ten of the top stocks on the JSE at the moment and must-haves in your portfolio. 

The great thing about the PinkDrive basket, apart from making your investment decision that much easier, is that a percentage of your fees get donated to the PinkDrive, a charity dedicated to raising funds for and awareness around breast cancer. Two fee levels are available:

 The PinkDrive Bright Basket carries a 2% basket fee which is split as follows:

• 25% to EasyEquities
• 1,75% to PinkDrive

The PinkDrive Blush Basket carries a 1% basket fee which is split as follows:

• 25% to EasyEquities
• 75% to PinkDrive

So don’t delay… file your tax return today. The sooner you invest your cash, the sooner it can start working for you… and PinkDrive!