Can I invest more in a private RA if my company makes a contibution to a provident fund

By Marc Sevitz · Updated

SuperSingh

SuperSingh said:
17 December 2015 at 11:51

My company makes a 100% contribution to my provident fund, including all fees. On my salary slip, this is shown as a company contribution, and not as a deduction. I understand that there is a tax benefit when contributing up to 15% of my non pensionable salary to a retirement savings scheme. Because the contribution is shown as a company contribution and not as a deduction, does this mean that I still have the full 15% available to contribute to a private RA?

If so, how do I calculate the maximum contribution I can make, given that I receive a monthly basic salary and December bonus, travel allowance and make a UIF contribution, with the provident fund contribution made by the company including fees?
TaxTim Marc

TaxTim Marc said:
30 December 2015 at 22:34

Provident fund deductions are not deductible for tax purposes yet so you will be able to contribute the full amount to the RAF and get the benefit.