Tax on living annuity
By Nicci Courtney-Clarke · Updated
What type of a taxpayer am I if I receive a living annuity and I am 42 years old? My monthly living annuity income is just over R10000, I also receive money from my children's investments which ranges between R1000 and R8000.
Given those amounts, you would be considered a provisional taxpayer yes. It would be best to start filing a provisional tax return.