Claim more than 27.5% on retirement deduction



Mark says:
16 February 2017 at 11:36

If I am able to contribute more than the mentioned 27.5% of my income towards a retirement fund, will SARS still give me a deduction for the entire contribution?

This entry was posted in Tax Q&A and tagged , . Bookmark the permalink.

TaxTim TaxTim says:
16 February 2017 at 12:09

Kindly read our blog on New Retirement Fund Tax Laws
Unfortunately you are only allowed a deduction of 27.5% the rest will be carried over to the next tax year.




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.