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Does tax threshold still apply to me at age 78. I understood that I shouldnt pay tax at all

Posted 3 February 2016 under Tax Questions



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Tom says:
3 February 2016 at 13:54

Thanks for helping with my tax return! I expected to get a bigger refund. I am 78 and understood that any tax paid would be refunded in full, but am told there is still a tax threshold?

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TaxTimTaxTim says:
3 February 2016 at 15:50

For taxpayers aged 75 years and older, the threshold is R128 500. Therefore you only pay tax on earnings above this amount.


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