Blog Q&A Calculators Students Logbook Contact
Only 3 Days Remaining of Tax Season 2017! Click here to file your tax return with TaxTim now.

Do I pay tax on my late wife's pension?

Posted 20 August 2012 under Tax Q&A


Need help
submitting your
Tax returns?


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 →
I am currently receiving my late wife's pension monthly, but I am also employed. The SARS tax calculator now shows that I owe SARS around R7000. Please advise if this right?

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

TaxTim TaxTim says:
15 August 2012 at 17:56

It would depend on whether or not the pension premiums were deductible when your late wife paid them. If they were then the payouts now would be taxable. I'm assuming you receive this amount as an annuity each month? Tax does get paid on annuity income so depending on the amount and your age there may be an amount that is still taxable.

If you would like to send the calculation to tim@taxtim.com I would be very happy to have a look for you.


Get SARS Tax Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Need help
submitting your
Tax returns?


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