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How can I benefit for tax the most from Retirement Annuities?

Posted 17 February 2014

What is the MAXIMUM amount of tax free benefit I can get in the 14/15 tax-year? I understood that it is R 350 000 or 27.5% of taxable income. What happens if I put R 380 000 into a pension fund on a salary of R 980 000.?

TaxTim TaxTim says:
17 February 2014 at 18:00

The most that will be allowed is 27.5% which will be limited to R350 000 per year. So on R980 000 the limit will be R269 500.

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