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Nicolette says: 11 October 2015 at 20:53 I claimed RAF deductions of about R9000 last year but this year it is only R850 because I took an authorised premium payment holiday allowed by Sanlam. I also converted my RAF's to a new generation RAF platform, so they are were never paid out but I am very worried that SARS will think that the RAF's were paid out and want to tax them - what should I do? |
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TaxTim says: 12 October 2015 at 15:27 The fund should issue you with a tax certificate reflecting your contributions for the year and this can be used as back-up for your tax return. SARS won't tax it as a payout if you haven't withdrawn from the fund and followed the necessary processes (i.e obtained tax directive etc) |
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