Claim more than 27.5% on retirement deduction
By Alicia Human · Updated
If I am able to contribute more than the mentioned 27.5% of my income towards a retirement fund, will SARS still give me a deduction for the entire contribution?
Kindly read our blog on New Retirement Fund Tax Laws
Unfortunately you are only allowed a deduction of 27.5% the rest will be carried over to the next tax year.
Unfortunately you are only allowed a deduction of 27.5% the rest will be carried over to the next tax year.