For retirement annuity fund contributions the limit is 15% of gross non-retirement-funding-employment income which essentially is all the income earned which is not allocated to a pension fund or provident fund. For a sole prop it will be all the income he has earned. You can take out an RA for February for the full amount in one contribution.
Get SARS Tax Dates and Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.