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


Pension fund on my ITR12?



Why will the amount deducted from my salary for pension fund, differ from the amount shown on my eFiling tax calc?

TaxTim Marc TaxTim Marc said:
10 July 2014 at 18:25

You are only allowed a maximum of 7.5% of your salary as a deduction, whereas your contribution also includes the portion paid by the employer and perhaps a greater amount than 7.5%.

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




Blog Categories


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.