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.
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