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

Do You Need to Pay Tax on Gift Money?

Do You Need to Pay Tax on Gift Money?

Do You Need to Pay Tax on Gift Money? Today, we walk you through everything you should know about taxes on gifts in South Africa.

How to Check Tax Refund Status 

How to Check Tax Refund Status 

This guide will tell you how to monitor the refund status with SARS, when to expect your refund, and what to do if you encounter any difficulties

Difference Between Tax Avoidance and Tax Evasion?

Difference Between Tax Avoidance and Tax Evasion?

Tax avoidance and tax evasion are often used interchangeably. Read on to learn the difference between tax evasion and tax avoidance.    

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 Activate Personal Income Tax

How to Activate Personal Income Tax

This tutorial will walk you through activating your personal income tax and submitting your tax return using SARS eFiling.

How to Get SARS Confirmation Letter

How to Get SARS Confirmation Letter

This article explains everything you want to know about getting a SARS confirmation letter.

Why Do We Pay Tax in South Africa?

Why Do We Pay Tax in South Africa?

Why Do We Pay Tax in South Africa? Are you wondering why taxes are mandatory payments levied on individuals and more

How to Remove a User From SARS eFiling

How to Remove a User From SARS eFiling

Learn how to remove a user from your SARS eFiling account in just a few easy steps. Keep your tax information secure and control who has access to your account.

How Long Does SARS Take to Review Documents?

How Long Does SARS Take to Review Documents?

How Long Does SARSTake to Review Documents? Read on to learn how long it takes for SARS to review documents.

How to Get a Tax Number from SARS

How to Get a Tax Number from SARS

The most common piece of information that taxpayers may require is their SARS tax number, and you can retrieve it in these ways

What Is The Tax Threshold In South Africa?

What Is The Tax Threshold In South Africa?

Understanding the tax threshold is an integral part of financial planning.. Read on to find out all the details about the tax threshold in South Africa

How to Fill SARS Travel Logbook

How to Fill SARS Travel Logbook

This article explains how you fill out your SARS travel logbook. Continue reading to learn how to fill it

How to Declare Foreign Income On Tax Return in South Africa

How to Declare Foreign Income On Tax Return in South Africa

How to Declare Foreign Income On Tax Return. Read on to learn how you declare foreign income from the SARS tax return. 

How to Access SARS Profile

How to Access SARS Profile

In this article, we’ll discuss how to access your SARS profile and answer some of the common questions users have when using eFiling. 

How to Attach Supporting Documents to SARS eFiling

How to Attach Supporting Documents to SARS eFiling