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Must I declare a Tax Free Savings Contribution to my Child's Tax Free Savings Account?

Posted 9 November 2016

Hendrik said:
8 November 2016 at 15:29

Must I declare a Tax Free Savings Contribution to my Child's Tax Free Savings Account?

TaxTim Alicia TaxTim Alicia said:
9 November 2016 at 21:05

No, your child will have his/her own R30,000 annual contribution limit which won't be part of yours so you do not need to include it in your tax return.

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