Employer contributions to provident funds
By Alicia Human · Updated
Do I get taxed on my employer contributions to my pension/provident fund?
My Salary is R21400 and I don't contribute directly to the fund. My employer contributes R2140. How much tax should I be paying?
My Salary is R21400 and I don't contribute directly to the fund. My employer contributes R2140. How much tax should I be paying?
Yes you will have this amount brought into income, but then it will be deducted based on the new method which you can read about in our New Retirement Fund Tax Laws article.