18 July 2017 at 9:40
Kindly advice me on tax deductions regarding RAF maximum amount that ca be
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.
Thank you in advance for your attention.
This entry was posted in Tax Q&A and tagged Salary / IRP5, Deductions, Retirement, Dividends, Audit / Verification. Bookmark the permalink.
18 July 2017 at 10:18
Kindly read our blog on the New Retirement Fund Tax Laws