FAQ Blog Calculators Students Logbook Contact
Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


Tax on living annuity

Posted 5 September 2019

Aleysha said:
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.

TaxTim Neo TaxTim Neo said:
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.

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.




Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.