From: Allan Gray Client Services Sent: Friday, May 3, 2024 11:29 AM
To: anton.kruger@harcourts.co.za Subject: Confirmation of your living
annuity income for the upcoming year - AGLA515669 Dear Mr KRUGER Your
Living Annuity income information for the upcoming year for account
AGLA515669 is now available through your Allan Gray Online account.
Once logged in, navigate to 'Statements & documents' >> 'Other
documents' to view or download. To access your online account, visit
the 'log in' page on our website, www.allangray.co.za. A copy of your
annuity income information for the upcoming year is attached (use your
ID number starting with 6101 to open). Revised income tax tables may
cause the value of your payment to change SARS reviews the income tax
tables at the end of February each year. As we are required to apply
the latest income tax tables to living annuity payments, any changes
made to the tax tables may cause the value of your future payments to
change. If you still require any further changes to be made to your
income and frequency, submit this instruction by 16 May 2024 using the
revision form previously sent. Please contact your financial adviser
to assist you with making this decision. Yours sincerely Faizil Jakoet
Head of Retail Client Services Understand your total tax liability if
you have multiple sources of income as SARS may specify fixed tax
rates As of 1 March 2022, SARS may require us to withhold tax for your
living annuity income at a rate that is determined by SARS considering
multiple sources of income. If this is the case, SARS will instruct us
on the rate to use via a fixed-rate tax directive. Should they do so,
we will communicate this with you in advance informing you of your
available options. In the meantime, you can learn more about how SARS
has changed tax for annuitants here. Should you have any questions,
please contact your financial adviser. 0860 000 654
info@allangray.co.za www.allangray.co.za Investor information Legal
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