Is interest income taxable?By Nicci Courtney-Clarke · Updated 25 February 2016Jad said:25 February 2016 at 10:49I have a money market account. Is the interest taxable?TaxTim Nicci said:25 February 2016 at 12:39You would deduct R23 800 or R34 500 depending on whether you are under 65 years or over 65 years of age.Salary / IRP5DeductionsRental IncomeRetirementPenalties
Jad said:25 February 2016 at 10:49I have a money market account. Is the interest taxable?TaxTim Nicci said:25 February 2016 at 12:39You would deduct R23 800 or R34 500 depending on whether you are under 65 years or over 65 years of age.
