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Londani said: 18 July 2017 at 9:40 Kindly advice me on tax deductions regarding RAF maximum amount that ca be deducted. If a person is on Salary range of 280 000 to 300 000 p.a. The employer and contribute each 7.5 % of the basic salary p.a to pension The employee currently contribute R405 per month towards retirement annuity fund per month The question is how much can be deducted or get refunded from SARS annual or how much can contributed to RAF to ensure that he/ she is not paying too much tax and is investing sufficient to retirement annuity fund. Thank you in advance for your attention. |
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TaxTim Nicci said: 18 July 2017 at 10:18 Kindly read our blog on the New Retirement Fund Tax Laws |
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