I am a pensioner with a pension below the tax threshold. However I have additional income from a part time job. Must this amount be added to my pension (which is then taxable)? How do I calculate the PAYE that is then payable?
How much does the total come to if you add them together?
Blackiesays: 18 February 2013 at 21:16
TaxTimsays: 19 February 2013 at 20:32
If you are over the age of 75 then you would not pay tax as the threshold is R110 889. However if you are between 65 and 74 then you would just include the extra income under local business income and SARS will calculate the small amount of tax owed which would be the difference between your income and R99 056 * 18%.
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