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How do I calculate pension tax deduction

Posted 14 March 2016

Mhle says:
13 March 2016 at 20:38

How do I calculate the amount of pension that can be deducted when calculating taxable income?

TaxTim TaxTim says:
14 March 2016 at 10:19

You can deduct up to 27,5% of your taxable income (i.e income less expenses) limited to the actual retirement fund contributions you made. The total deduction is capped at R350,000 per year.

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