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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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