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Single versus married benefits, whats the difference?

Posted 22 March 2016 under Tax Questions



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Gg says:
21 March 2016 at 12:42

If you are single, you pay more taxes. How does this affect your payout on resignation? Do you get a lesser payout than your counterpart who is married? By rights, your pension benefits should actually be higher than that of someone who is married and retires with the same amount of years service??? Ie. 20yrs???
Gg

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TaxTimTaxTim says:
22 March 2016 at 12:54

All individuals are taxed in the same way per the tax tables whether they are single or not. Your marital status therefore will not affect the amount of tax that you pay.


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