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Helping an old lady



Bridget says:
8 March 2016 at 12:39

Does a 91 year old widow whose only income is R7200pm from an Old Mutual investment have to submit a tax return? I remember hearing that some people no longer have to submit tax returns and an old friend is not sure whether her tax consultant is doing anything.

TaxTim TaxTim says:
8 March 2016 at 13:02

She is below the tax threshold for her age (which is R129,850) and therefore no need to submit a tax return as she won't be paying tax.

Bridget says:
8 March 2016 at 13:32

Thanks you very much for such a prompt response.

TaxTim TaxTim says:
8 March 2016 at 13:35

Only a pleasure!

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