Kindly advice me on tax deductions regarding RAF maximum amount that ca be deducted.
If a person is on Salary range of 280 000 to 300 000 p.a.
The employer and contribute each 7.5 % of the basic salary p.a to pension
The employee currently contribute R405 per month towards retirement annuity fund per month
The question is how much can be deducted or get refunded from SARS annual or how much can contributed to RAF to ensure that he/ she is not paying too much tax and is investing sufficient to retirement annuity fund.