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My dad is a pensioner and receives R323 per month from his annuity, should he add this on his return

Posted 18 November 2013

My dad is a pensioner and receives R323 per month from his annuity, should he add this on his return? so over 12 months R3876 for the tax year?

TaxTim TaxTim says:
18 November 2013 at 16:55

He should have received an IRP5 from the pension fund which will actually appear on eFiling. What is the total of his income for the year?

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Estelle says:
18 November 2013 at 17:02

R92 204 was his gross non retirement fund income

TaxTim TaxTim says:
18 November 2013 at 17:13

He is below the tax threshold for over 65 year old's and therefore should include it in his return, but will not pay tax on the amount however.

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