How to Change Portfolio Type on eFiling

By Devsh Jag •  Updated: 12/22/24 •  5 min read

eFiling by SARS allows registered users to perform several tasks and roles online and securely from the comfort of your home or office. 

The Portfolio Management feature on eFiling allows eFilers the ability to use a single login to transact between their existing Portfolios. Once a portfolio is verified and linked to a Primary User

- ADVERTISEMENT -
, that person will be able to access, transact and manage all the portfolios linked without needing to log out or change users. 

Completing eFiling processes for several portfolios at once can be tricky, but by understanding the process, you can get it done in no time. Here’s everything you need to know on how to manage your portfolios of eFiling:

How do I change my portfolio type on eFiling?

To change your portfolio type on eFiling, here’s what you need to do:

This will take you to your Portfolio Management page. You will be able to view all the linked and unlinked portfolios related to your profile. 

Note: You will be allowed to have multiple Organisation and Tax Practitioner portfolios; however, you can only have one individual portfolio linked to your name. 

How do I make my portfolio more tax efficient?

Taxes reduce the return on investment in the same way that transaction costs and other fees do. Very few taxpayers understand exactly what they are paying different types of taxes for and how to maximize applicable allowances and incentives to positively affect their investment return. 

While efficient tax strategies should be custom built according to personal circumstances, here are a few basic tips for almost any type of portfolio:

There are 3 main types of accounts: taxable, tax-deferred, and tax-exempt accounts. Understanding the difference and benefits between these accounts can have a major impact on your bottom-line return when used correctly. Typically, it is advisable to place tax-efficient investments in a taxable account, while tax-inefficient investments are better off in a tax-deferred account. By holding all or most of your income in a taxable account with a relatively high tax rate, your net return on income may be significantly reduced. 

Income tax, which is more commonly known as Pay As You Earn (PAYE), is calculated on a sliding scale, meaning that the more you earn, the more tax you will pay. By understanding your tax bracket, you are able to calculate the rate of tax you will be liable for on any additional income that you generate or earn. This will help you make better investment decisions to minimize tax when investing additional funds. 

- ADVERTISEMENT -

Dividend Withholding Tax and Capital Gains Tax can also be made tax efficient when understood properly. For example, the first R40,000 of capital gains is completely exempt from tax, but any amount above that R40,000 is liable for Capital Gains Tax at a 40% inclusion rate and is taxed at your marginal tax rate.

The final tip is fairly obvious. Your aim should always be to capitalize on tax-efficient investments such as common stocks, which are considered to be one of the most tax-efficient investments available. High-dividend stocks that are held in tax-deffered accounts are subject to minimal taxes, meaning that your net return will be higher than on other investments. 

How do I get rid of tax practitioner access?

Individuals that want to remove or deactivate tax roles on their portfolio can do so by following these steps: 

How do I unlink a portfolio from SARS eFiling?

If you no longer want to be linked to an existing portfolio on eFiling, you can unlink it using the following steps: 

You will see a list of the portfolios that are linked to your profile. 

To unlink an existing portfolio:

You will need to confirm your selection by clicking ‘OK. The portfolio should then move to the unlinked portfolios section of Portfolio Management. 

- ADVERTISEMENT -

Keep Reading

How to Register a Company On SARS eFiling

How to Register a Company On SARS eFiling

In this article, we will be taking you through the process of how to register a company on SARS eFiling

What Can I Use as Proof of Address for SARS?

What Can I Use as Proof of Address for SARS?

What Can I Use as Proof of Address for SARS?. Read on to learn what you can use as proof of address for SARS.

How to Claim Medical Expenses From SARS

How to Claim Medical Expenses From SARS

In this article, we’ll discuss how to claim medical expenses on your tax return from SARS, including which medical expenses you can claim

How Do You Know If You Owe SARS Money?

How Do You Know If You Owe SARS Money?

This blog post will answer all your questions about owing SARS money, including how to check how much you owe & what happens when you owe money

How to Submit EMP501 on SARS Efiling

How to Submit EMP501 on SARS Efiling

Submit EMP501 on SARS Efiling. This article explains how you can submit EMP501 on SARS eFiling. 

How Do I Submit A DTR01?

How Do I Submit A DTR01?

Generally, the DTR01 is a declaration of the dividends tax transaction, showing the details of the dividend payer

How to Pay SARS Via FNB

How to Pay SARS Via FNB

How to Pay SARS Via FNB. In this article, we will look at how customers of FNB can pay their taxes, the timelines on tax payment, efiling process.

Who Is Exempt From Paying Tax in South Africa?

Who Is Exempt From Paying Tax in South Africa?

Who Is Exempt From Paying Tax in South Africa? This article explains everything you want to know about tax exemptions. 

How to Get SARS Statement

How to Get SARS Statement

This blog post will give you the details you need to understand a SARS statement and how to obtain one online hassle-free

Do I Need a Tax Clearance When Selling a Property?

Do I Need a Tax Clearance When Selling a Property?

Do I Need a Tax Clearance When Selling a Property?. Today we answer some key questions around tax clearance on the seller’s side to assist you.

How to Get An ITA34 From SARS

How to Get An ITA34 From SARS

You can obtain an ITA34 form hassle-free from SARS. You can request a copy of the form through your eFiling account once you have registered with SARS.

How to Complete IRP6 On eFiling?

How to Complete IRP6 On eFiling?

This post will let you master each stuff you should know about the eFiling IRP6 exercise, including how to register an IRP6 SARS

How the SARS Income TAX Brackets Work

How the SARS Income TAX Brackets Work

This guide is meant to give you the information you need to understand and navigate the tax brackets set by SARS in South Africa easily

NOO – Notice of Objection

NOO – Notice of Objection

NOO – Notice of Objection. This guide explains everything you should know about filing a Notice of No Objection (NOO). 

How To Complete The Tax E-Filing Registration Process

How To Complete The Tax E-Filing Registration Process

Setting out on your tax e-filing journey in South Africa is a breeze. Just follow this roadmap: