Do your Tax with TaxTim and WIN R10,000 More info T&C's apply

Endowment policy - taxable?

Posted 1 July 2014

Is it possible to claim for an endowment policy?

TaxTim Marc said:
1 July 2014 at 9:48

Endowment policy contributions are not tax deductible as the payout at the end is not subject to tax.

This entry was posted in Tax Q&A and tagged Deductions. Bookmark the permalink.

Blog Categories

Salary / IRP5 (4,707 posts)
Independent Contractor (1,000 posts)
Provisional Tax (676 posts)
Medical (968 posts)
Capital Gains (409 posts)
Donations (247 posts)
Deductions (3,828 posts)
Commission (1,057 posts)
Rental Income (974 posts)
Retirement (1,046 posts)
Dividends (1,047 posts)
Depreciation / Wear and Tear (354 posts)
Penalties (785 posts)
Travel Allowance (771 posts)
Audit / Verification (2,678 posts)
Tax Threshold (497 posts)
Foreign employment income (204 posts)
SARS & eFiling (2,111 posts)
Company Tax (3 posts)
Foreign Investment (1 posts)
PAYE & UIF (54 posts)
Source Code (2 posts)
Foreign Income (2 posts)
TaxTim in the Media (1 posts)
Tax Tables (3 posts)
Financial Literacy Series (4 posts)
Top 5 Weekly Questions (1 posts)
Cryptocurrency (3 posts)
Residency (1 posts)
Auto-Assessments (1 posts)

Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.