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Pension Fund vs RA

Posted 9 April 2014 under Tax Q&A


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I am currently at a company where they contribute and I contribute to a pension fund. Another company has a structure where they don't have any RA or pension scheme. If I were to take out an RA at the second company how will this affect my tax?

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TaxTim TaxTim says:
9 April 2014 at 14:56

You would be entitled to a deduction of your RA contributions up to a maximum of 15% of your earnings provided there is no possibility to contribute to a pension fund. Currently you are entitled to a maximum of 7.5% of your current earnings as a deduction.


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