TaxTim provides expert assistance at every step of the way - we'll make sure you include all the right information for every deduction, resulting in your maximum possible tax refund. With our helpdesk available to help any time, we make tax as easy as 1,2,3!
Save on expensive tax practitioner fees with professional tax assistance from just R249. TaxTim helps you step-by-step to complete your tax returns quickly, easily and correctly in under 20 minutes!
Skip the queues! You can do your own tax return easily and conveniently online, and get finished with tax in 20 minutes or less. TaxTim contains the knowledge of professional tax practitioners and will guide you step-by-step. It's easier than you think :)
As of July 2013 SARS declared it illegal for anyone other than a registered tax practitioner to assist people with doing their tax returns. Unless the person you know is a tax practitioner, them doing your tax return can lead to trouble for both of you.
This year try TaxTim - our service offers the knowledge and expertise of a trained tax professional, with an easy-to-use friendly interface.
You've come to the right place! TaxTim has made tax easy for over 4.4 million South Africans to date. Our service asks simple questions one-by-one, then fills in your tax return for you. We skip all the complicated stuff and allow you to do your own tax return quickly, easily and with confidence!
The RAF deduction is calculated at the value limited to the greater of R3 500 or 15% of non-retirement-funding-employment income which is basically all income earned that doesn't go towards a Pension in non-tax terms.
Do you contribute towards a Pension Fund?
If you wish to send me your amounts I can calculate this for you?
Zanesays: 8 November 2012 at 18:24
My pension fund is R19 012 paid by company for the year. My medical aid payment through company: R10388 for the year GNRFI: R58 602 + R103 025 interest received = R161 627 I contributed R37 500 previous tax year to the RA, only R1 800 allowed as deduction? I contributed R18 000 this year, but somehow the calculation on SARS' site reflected R20 463?
Any help would be much appreciated!
Zanesays: 8 November 2012 at 18:30
Sorry for the error:
It's a provident fund, not a pension fund I quoted on!
TaxTimsays: 9 November 2012 at 6:06
A provident fund contribution is not tax deductible unfortunately. For the RAF deduction from previous years, SARS allows a maximum of R1 800 to be carried forward each year so that's why your assessment will say "c/f from previous year - R1 800"
There seems to be an amount of R663 over the contributed amount if you take the the R1 800 into account. Do you want to send your ITA34 to firstname.lastname@example.org and we can have a look?
Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.