LINDIWE SPLIT 2

@zolangqisha

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SoundTikTok sound · original sound - zolangqisha

Promoted product

Siyolise BlueStar

Why it worked

The video effectively uses a relatable cautionary tale about taxes and investments to highlight the need for professional financial advice, making the service offered by Siyolise BlueStar appear essential and valuable.

Summary

The video explains how spreading investments across multiple banks can lead to unexpected tax bills from SARS, as interest from all accounts is aggregated. The speaker, Zola Ngqisha from Siyolise BlueStar, offers professional financial advisory services to help individuals structure their investments correctly to avoid such issues.

Structure

1Introduction to Lindiwe's situation
2Explanation of the tax problem with multiple accounts
3How SARS collects interest information
4The single interest exemption limit
5The consequence of exceeding the exemption
6Introduction of Siyolise BlueStar and their services

Product placement

African Bank: acts - a financial institution where money is deposited and earns interest. Removing it would change the narrative about where money is held. ABSA: acts - a financial institution where money is deposited and earns interest. Removing it would change the narrative about where money is held. Old Mutual: acts - a financial institution where money is deposited and earns interest. Removing it would change the narrative about where money is held. SARS: acts - the South African Revenue Service, which collects taxes. Removing it would change the narrative about tax obligations. Siyolise BlueStar: acts - a financial advisory practice that helps structure investments. Removing it would change the narrative about seeking professional help.

Original caption

She put R300k with one bank, R500k with another, R250k with a third. She thought each account was too small for SARS to tax. Then the bill arrived. Every institution reports your interest directly to SARS, and you only get one exemption of R23,800 a year, per person, not per bank. If your money is earning interest and you are guessing about the tax, do not wait for the assessment to teach you. I am a licensed financial planning professional and my team at Siyolise BlueStar structures investments so the tax comes down legally and the growth goes up. Reach out on the number in my bio before filing season does it for you. #sars #taxreturn #investingtips #taxseason2026 #financialadvisor

More from @zolangqisha

On-screen text

LINDIWE SPLIT 2 2 MILLION RAND ACROSS FOUR DIFFERENT BANKS SO SARS WOULD NOT TAX HER INTEREST. AND THIS YEAR BILL SHE NEVER SAW COMING. YOU EXACTLY WHERE HER PLAN BROKE, BECAUSE YOU MIGHT SAME MISTAKE RIGHT NOW. SHE PUT 300,000 WITH AFRICAN BANK, HULF A MILLION WITH ABSA, 250,000 WITH OLD MUTUAL. WENT ON UNTIL SPREAD SO THIN ACCOUNT LOOKED LIKE A PROBLEM FROM A TAX PERSPECTIVE. IN HER MIND, EACH ACCOUNT WAS SMALL, SMALL BALANCE, SMALL INTEREST, THEREFORE NO TAX. UNDER THE RADAR, HERE IS WHAT SHE DID NOT KNOW. EVERY BANK, EVERY INSTITUTION THAT PAYS YOU INTEREST SENDS A CERTIFICATE STRAIGHT TO SARS WITH YOUR DETAILS ON IT. IT GOES IN WHETHER YOU FILE OR YOU DON'T FILE. SO WHEN SARS ASSESSES YOU, LOOKING AT YOUR ACCOUNTS ONE BY ONE. THEY ADD UP EVERY CENT OF INTEREST FROM EVERY INSTITUTION UNDER YOUR ONE TAX NUMBER AND YOU ONLY GET ONE INTEREST EXEMPTION. UNDER 65, THE FIRST 23,500 RAND OF INTEREST IS TAX FREE. THAT'S IT. NOT PER BANK, PER PERSON, 2 MILLION RAND EARNING INTEREST BLOWS PAST THAT NUMBER. NO MATTER HOW SLICE IT. EVERYTHING ABOVE THE LINE GETS ADDED TO YOUR INCOME AND TAXED YOUR MARGINAL TAX RATE. THAT IS HOW LINDIWE ENDED UP OWING SARS ON A PLAN SHE THOUGHT WAS CLEVER. AND THE BIGGEST HIT IS A BILL. EXPECT THAT, YOU DID NOT PLAN FOR AND YOU DON'T EVEN UNDERSTAND HOW TO PREVENT IT IN THE FUTURE. THE TRUTH IS THERE ARE WAYS SAME 2 MILLION SO THE TAX COMES DOWN LEGALLY AND THE MONEY GROWS HARDER, ESPECIALLY WHEN YOU INVESTED FOR FIVE YEARS OR LONGER. THAT IS THE WORK WE DID WITH LINDIWE. I'M ZOLA NGQISHA, CO FOUNDER OF SIYOLISE BLUESTAR, A PREMIER FINANCIAL ADVISORY PRACTICE FOCUSED ON SERVING THE NEEDS OF PROFESSIONALS, BUSINESS OWNERS AND ENTREPRENEURS THROUGHOUT SOUTH AFRICA AND THOSE SOUTH AFRICANS WORKING ABROAD. WITH MORE THAN 15 YEARS OF FINANCIAL PLANNING INDUSTRY, I'M A LICENSED FINANCIAL PLANNING PROFESSIONAL AND I WORK OF LICENSED PROFESSIONAL WHO HAVE HELPED MANY PEOPLE OUT OF EXACTLY THIS SITUATION LIKE LINDIWE. IF TO STRUCTURE YOUR INVESTMENT PROPERLY, INSTEAD OF GUESSING, SEND ME A DM OR WHATSAPP. MY OFFICE, THE MY BIO.

Transcript

She put 2 million rand across four different banks. So SARS would not tax her interest. And this year, bill she never saw coming. Let me show you exactly where her plan broke, because you might make the same mistake right now. She put 300,000 with African Bank, half a million with Absa, 250,000 with Old Mutual. Went on until spread so thin, no single account looked like a problem from a tax perspective. In her mind, each account was small. Small balance, small interest, therefore no tax. Under the radar. Here is what she did not know. Every bank, every institution that pays you interest sends a certificate straight to SARS with your details on it. It goes in whether you file or you don't file. So when SARS assesses you, looking at your accounts one by one. They add up every cent of interest from every institution under your one tax number. And you only get one interest exemption. Under 65, the first 23,500 rand of interest is tax free. That's it. Not per bank, per person. 2 million rand earning interest blows past that number, no matter how you slice it. Everything above the line gets added to your income and taxed your marginal tax rate. That is how Lindiwe ended up owing SARS on a plan she thought was clever. And the biggest hit is a bill you expect that, you did not plan for and you don't even understand how to prevent it in the future. The truth is, there are ways to structure the same 2 million, so the tax comes down legally and the money grows harder, especially when you invested for five years or longer. That is the work we did with Lindiwe. I'm Zola Ngqisha, co-founder of Siyolise BlueStar, a premier financial advisory practice focused on serving the needs of professionals, business owners and entrepreneurs throughout South Africa and those South Africans working abroad. With more than 15 years of financial planning industry, I'm a licensed financial planning professional and I work with a team of licensed professional who have helped many people out of exactly this situation like Lindiwe. If you need to structure your investment properly, instead of guessing, send me a DM or Whatsapp. My office, the my bio.