I am receiving 2 IRP5s from 2 employers. Suddenly at the tax year end I find that I have been taxed too little. Calculating my income in 2 parts places me in a "x" bracket. Now when the 2 is calculated together I am being calculated in a different bracket and shows a huge amount of tax due. How do I prevent this?
Are you going to be working for two employers going forward?
Freddiesays: 2 July 2014 at 9:57
Yes. I will be working for both in the next few years. The one pays me a salary of R11000 per month. I work 2 days per week for them managing a shopping complex. The other pay me a salary of R12000 per month plus free housing. They gave me flexy hours. I work a lot of weekends and this gives me time off in the week to work at the complex.
TaxTimsays: 2 July 2014 at 11:12
You can ask the employer to deduct more PAYE than they would normally given the combined salary pushes you into in a different bracket. Use our SARS income tax calculator to see what the PAYE would be on that combined amount.
Get SARS Tax Dates and Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.