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Tax on living annuity

Posted 5 September 2019 under Tax Q&A


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Aleysha says:
5 September 2019 at 17:59

What type of a taxpayer am I if I receive a living annuity and I am 42 years old? My monthly living annuity income is just over R10000, I also receive money from my children's investments which ranges between R1000 and R8000.

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TaxTim TaxTim says:
5 September 2019 at 21:39

Given those amounts, you would be considered a provisional taxpayer yes. It would be best to start filing a provisional tax return.


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TaxTim helping
you file your
Tax returns


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started