TAX SEASON IS AROUND THE CORNER.

@zolangqisha

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Why it worked

The video uses a relatable story about a common financial mistake (misunderstanding retirement annuities) to highlight the importance of professional tax advice, creating a sense of urgency and offering a clear solution.

Summary

The video explains that tax assessments are locked in based on past behavior, and it's crucial to understand your financial products. The creator shares an anecdote about a client who mistakenly believed her endowment policy was a retirement annuity, leading to unexpected tax liabilities.

Structure

1Introduction to tax season and client inquiries
2The problem: clients owing SARS due to past financial decisions
3A client's case: endowment policy mistaken for retirement annuity
4The consequence: unexpected tax liability
5The solution: the importance of professional advice for tax planning
6Call to action: contact the creator for assistance

Call to action

DM or Whatsapp my office 0722975065

On-screen text

Original caption

She put two thousand rand a month into what she thought was a retirement annuity. For fifteen years. And every single year she still owed SARS. When we pulled the actual statement, it was not a retirement annuity at all. Here is what it really was, and why the tax outcome landing in your inbox this July is already locked in before you even open it. Tax season opens in July. Most people find out they are owing when it is far too late to do anything about it. The truth is you don't know what you don't know, and that one blind spot can cost you a refund you were entitled to all along, especially if you receive a travel allowance, a car allowance, or carry medical expenses your medical aid never covered. If you want help to structure your contributions properly and stop guessing about your tax, send me a DM or WhatsApp my office using the number in my bio. Let us look at what you actually have before SARS does. #taxseason #sars #taxrefund #retirementannuity #FinancialPlanning

More from @zolangqisha

More breakout videos from this creator.

TAX SEASON IS AROUND THE CORNER. IT OPENS NEXT AND RIGHT NOW MY PHONE WILL NOT STOP BECAUSE MY CLIENTS ARE TEXTING ME TAX CERTIFICATES ON THEIR RETIREMENT ANNUITIES AND THEIR INVESTMENTS. SO LET ME TELL YOU SOMETHING THAT'S GOING TO BE HARD TO HEAR. THE WORK THAT WILL DECIDE YOUR TAX OUTCOME THIS YEAR IS ALREADY DONE. IT ENDED ON 28 FEBRUARY 2026. THERE'S NOTHING YOU CAN DO TODAY THAT WILL CHANGE THE ASSESSMENT IN JULY, THAT SHIP HAS SAILED. GOING TO BE PEOPLE WHO CRY WHEN THEY LOG IN AND FIND OUT THEY ARE OWING SARS. I'VE SPENT MORE THAN 15 YEARS AS A LICENSED FINANCIAL PLANNER. SO LET ME TELL YOU HOW THIS GOES WRONG. I WAS SITTING WITH A CLIENT RECENTLY, VERY, VERY WELL EDUCATED OFFICER OF THE LAW. FOR 15 YEARS A PRODUCT HAS BEEN PULLING MONEY OFF HER SALARY EVERY MONTH, 15 YEARS. THE WHOLE TIME SHE BELIEVED IT WAS A RETIREMENT ANNUITY. SHE CAME TO ME WITH ONE QUESTION, ALWAYS OWING SARS EVERY YEAR? AND AT FIRST I COULDN'T UNDERSTAND IT BECAUSE SHE TOLD A RETIREMENT ANNUITY AND SHE WAS CONTRIBUTING 2,000 RAND EVERY MONTH. THAT IS 24,000 RAND A YEAR. MONEY LIKE THAT SHOULD HAVE BEEN REDUCING HER TAXABLE INCOME. SO WHY WAS SHE OWING? SO I ASKED HER TO DO SOME HOMEWORK, REQUEST THE STATEMENT FROM THE FINANCIAL INSTITUTION JUST SO WE CAN GET THE ACTUAL FIGURES. CAME BACK, IT WAS ACTUALLY NOT A RETIREMENT ANNUITY AT ALL. ENDOWMENT POLICY FOR 15 YEARS OF CONTRIBUTIONS. SHE THOUGHT SHE WAS WORKING ER, CONTRIBUTING TO AN RA, AND IT WAS ACTUALLY NOT DOING FOR A TAX SITUATION. NOW, THINK ABOUT THIS IS A SMART, EDUCATED WOMAN WHO HANDS DOWN LEGAL JUDGEMENTS FOR A LIVING. THE KIND OF ASSUME HAS IT ALL FIGURED OUT. CAUGHT. SO IF TO HER, IT CAN HAPPEN TO YOU. WHAT DO YOU ACTUALLY HAVE? DO YOU KNOW? OR DO YOU YOU KNOW, WE ARE FIXING HER SITUATION RIGHT NOW, RESTRUCTURING IT SO HER CONTRIBUTIONS ARE GENUINELY BUILDING HER RETIREMENT AND BRINGING DOWN HER TAX BILL AT THE SAME TIME, THE WAY SHE BELIEVED SHE WAS DOING ALL ALONG. THE ASSESSMENT YOU GET THIS SEASON IS ALREADY LOCKED. IT'S BASED ON HOW YOU BEHAVED BETWEEN FIRST MARCH 2025 AND 28 FEBRUARY 2026. THE ONLY THING SHAPE IS THE ONE THAT'S COMING IS BEING DECIDED RIGHT NOW. BUT BY WHAT YOU DO BETWEEN FIRST MARCH THIS YEAR AND 28 FEBRUARY NEXT YEAR. WHO PLAN TODAY ARE THE ONES WHO SMILE. NEXT YEAR, THE PEOPLE WHO WAIT WHO CRY. HONEST TRUTH. WHAT YOU DON'T KNOW. THIS IS WHY HAVING A TAX PRACTITIONER AND A FINANCIAL ADVISOR IN YOUR CORNER DIFFERENCE BETWEEN OWING SARS AND GETTING A PROPER REFUND BACK. WE HELP YOU SEE WHAT YOU CAN ACTUALLY CLAIM FOR SO YOU MAXIMISE YOUR TAX DEDUCTION, ESPECIALLY IF YOU RECEIVE ALLOWANCES AND ADDITIONAL INCENTIVES FROM YOUR EMPLOYER OR HAVE RENTAL PROPERTIES AND ADDITIONAL INCOME. IF YOU WANT YOUR CONTRIBUTIONS PROPERLY AND STOP GUESSING ABOUT YOUR TAX, SEND ME A DM OR WHATSAPP MY OFFICE USING MY BIO. LET'S LOOK AT WHAT YOU ACTUALLY HAVE BEFORE SARS DOES.

Transcript

Tax season is around the corner. It opens next and right now my phone will not stop because my clients are texting me tax certificates on their retirement annuities and their investments. So let me tell you something that's going to be hard to hear. The work that will decide your tax outcome this year is already done. It ended on 28 February 2026. There's nothing you can do today that will change the assessment in July, that ship has sailed. Going to be people who cry when they log in and find out they are owing SARS. I've spent more than 15 years as a licensed financial planner. So let me tell you how this goes wrong. I was sitting with a client recently, very, very well educated officer of the law. For 15 years a product has been pulling money off her salary every month, 15 years. The whole time she believed it was a retirement annuity. She came to me with one question, always owing SARS every year? And at first I couldn't understand it because she told a retirement annuity and she was contributing 2,000 rand every month. That is 24,000 rand a year. Money like that should have been reducing her taxable income. So why was she owing? So I asked her to do some homework, request the statement from the financial institution just so we can get the actual figures. Came back, it was actually not a retirement annuity at all. Endowment policy for 15 years of contributions. She thought she was working er, contributing to an RA, and it was actually not doing for a tax situation. Now, think about this is a smart, educated woman who hands down legal judgements for a living. The kind of assume has it all figured out. Caught. So if to her, it can happen to you. What do you actually have? Do you know? Or do you you know, we are fixing her situation right now, restructuring it so her contributions are genuinely building her retirement and bringing down her tax bill at the same time, the way she believed she was doing all along. The assessment you get this season is already locked. It's based on how you behaved between first March 2025 and 28 February 2026. The only thing shape is the one that's coming is being decided right now. But by what you do between first March this year and 28 February next year. Who plan today are the ones who smile. Next year, the people who wait who cry. Honest truth. What you don't know. This is why having a tax practitioner and a financial advisor in your corner difference between owing SARS and getting a proper refund back. We help you see what you can actually claim for so you maximise your tax deduction, especially if you receive allowances and additional incentives from your employer or have rental properties and additional income. If you want your contributions properly and stop guessing about your tax, send me a DM or Whatsapp my office using my bio. Let's look at what you actually have before SARS does.