Can my mom claim if she pays for medical, but not tax registered?

  Written by Marc   Posted 21 February 2013

My mom is older than 65, she gets a pension of about R5500 monthly. She belongs to a medical aid that subtracts roughly 1850 a month. She is not registered for tax (I registered her on efiling, but SARS then removed her after we went to them. They said she dont need to be registered.). Seeing that she earns around R66 000 per year and the medical aid contributions are ± R22 000 yearly, and she has some out of pocket medical expenses as well, can she at all claim anything for the medical?

I have to send in my provisional tax information for the 1st time, have no clue, PLEASE help

  Written by Marc   Posted 20 February 2013

Need to submit provisional tax info. I am employed and have a business on the side. What info do I submit?

Additional income, how do I show this on my tax return?

  Written by Marc   Posted 15 February 2013

I am a pensioner with a pension below the tax threshold. However I have additional income from a part time job. Must this amount be added to my pension (which is then taxable)? How do I calculate the PAYE that is then payable?

Tax on Foreign Income

  Written by Marc   Posted 10 February 2013

Hi Tim,I've got a new contracting job where I'll be working from SA, but I'll be paid from the UK. How do declare/pay my taxes on these? And do I have to transfer all my funds back to SA?

When can I apply for a tax directive?

  Written by Marc   Posted 8 February 2013

My employment was terminated and I applied for a tax directive, for my terminal benefits, which I received from SARS which allowed me to get my final payment tax free. My employer however claims the termination of my contract does not constitute retrenchment and therefore I misrepresented the reason for requesting a directive. Is this true? I did detail on the form the breakdown of the money (December Salary, Bonus and Leave pay) I had received and SARS gave me the directive.

Tax on local interest

  Written by Marc   Posted 4 February 2013

Please can you tell me what tax I would pay on say R10,000.00 per month interest
from local money market. I see R22 800 p a is tax free, then the local table applies, does
that mean after 60.000 pa. This would be my only form of income.

I have not filed tax returns since I don't work in SA anymore. Do I need to do this?

  Written by Marc   Posted 1 February 2013

Hi Taxtim! I'm a SA citizen but a resident in Canada for the past four years and paying taxes here (even for investment income earned in South Africa). I worked in South Africa and fulfilled all my tax obligations for the time I worked there. I still have investments (share trading and mutual funds) , Retirement annuity and joint property with my brother in South Africa. Do I need to file tax returns in SA?

How can i claim tax from my pension fund that has been paid out on resignation?

  Written by Marc   Posted 31 January 2013

I have resigned from my previous company and my pension fund has been paid out and I want to claim my money back.

What is the tax situation is w.r.t. a donation of less than R100 000 from a child to a parent?

  Written by Marc   Posted 30 January 2013

I know that it is possible to donate up to R100k per year to your children, but what about a donation to your retired parents? Especially if they are financially dependent on you?

Can you help me with Provisional Tax return?

  Written by Marc   Posted 30 January 2013

I am retired and my income is from Momentum who have invested my Pension Contributions when I retired. I always go to SARS to assist with my Return and was told last year that I am a provisional tax payer because of the savings I have and the interests I receive from these (over the allowed amount). I went to SARS to assist me with my first Provisional Tax Return in August 2012 & had to pay in R1000. I am very nervous to do Period 2 for 2012/2013. Are you able to assist me?

I don't know how to answer "Did you make any retirement annuity contributions?"

  Written by Marc   Posted 29 January 2013

I don't know how to answer "Did you make any retirement annuity contributions?"... I do have a retirement fund, but the contributions come straight from my Cost of Employment at the University of Cape Town before I get my salary, and they're on my IRP5.

What are the allowable retirement annuity deductions?

  Written by Marc   Posted 29 January 2013

With regards to current year dedcutable amounts allowed, what is the 'amount b/f from previous year' and 'amount c/f to following year' (how are they calculated on a tax assessment?)

Work over Internet and want to pay taxes! How?

  Written by Marc   Posted 28 January 2013

For the past 5 years I have been doing work over the 'internet' for an international company. Only now I have become aware of having to pay taxes. I am not registered. For the last 2 years I've received a steady income of R6 000 / month. I don't have a physical address or contact number for the company as we communicate through email. The company email me sketches of a building then I create a 3D model of the building and send it back.
How will paying taxes work for me ? Will there be pena...

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Can I claim back on RA contributions if my business is the payer?

  Written by Marc   Posted 28 January 2013

I'm self employed, I have a retirement annuity but my premiums are paid through the business.

What is tax on a pension fund withdrawal?

  Written by Marc   Posted 25 January 2013

I resigned from my previous employer on the 28th Fevruary 2012 and got paid a pension lump sum in April 2012. The lump sum was taxed at 18% (witheld by the pension administrator). I got employed in August 2012 and I am on a new pension fund and paying PAYE normally. For my 2013 tax return, will SARS refund me the tax the deducted for me cashing out the pension lump sum?

Timing of additional tax rebate on attaining age 65, how does it get calculated?

  Written by Marc   Posted 24 January 2013

I turn age 65 in August this year. Will I receive the additional "over 65" tax rebate (currently R 6 390) for the full 2013/14 tax year or will this be pro-rated from the month after I turn 65 (ie September 2013)?

How to get a tax refund?

  Written by Marc   Posted 22 January 2013

I have been submitting my IRP5 for tax return for the past 12 years but I have never received a refund, why is that?

How do I proceed with a tax directive? (One associated with my ex employer & from the pension fund)

  Written by Marc   Posted 16 January 2013

I retired on 30th June 2012 and received a SARS Tax Directive that states that "tax amounting to R0.00 is to be deducted from the gratuity / lump sum payment of R308732.65." What use does one make of this tax directive? Am I correct in assuming that this amount is to be subtracted from Income received (Codes 3697 & 3698). Is it still possible to submit my return via the provisional tax electronic medium; or will I now have to file a return manually at the end of February 2013?The p...

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What about a pensioner?

  Written by Marc   Posted 14 January 2013

Where can I see the tax tables for a pensioner over the age of 70?

What is my claimable medical contribution as a pensioner?

  Written by Marc   Posted 3 January 2013

I am a pensioner and my part of my medical contribution is paid by my pension fund from my previous employer. I don't see any of this reflected on the IRP5 from my pension fund, but I do get a medical certificate from Discovery indicating the full contributions, along with a letter from the pension fund indicating what was paid by said pension fund.

What is claimable? The full contribution, or only the amount that I pay?

Retired and not earning an income

  Written by Marc   Posted 3 January 2013

Hi Tim, I am retired and the only income I get is from my pension every month, do I still need to submit a Tax Return?

Did TaxTim make a mistake on my return?

  Written by Marc   Posted 3 January 2013

On the question of medical expenditure I answered YES plus the amount. On the return Tim filled in NO and no amount. Also on Tims questions on retirement annuity I filled in YES plus the amount, and on the return tim filled in nothing, this had a bad effect on my return, how do we correct it?

How do I withdraw funds from Living Annuities when not resident in SA?

  Written by Marc   Posted 3 January 2013

I am a UK passport holder and a Permanent Resident of SA. I intend returning to the UK but am not sure of this being permanent, so will not officially be emigrating.
The only assets left in SA will be a monthly amount paid into my SA bank account from a Living Annuity. Can I access this amount whilst living in the UK. What are the advantages/disadvantages of just leaving SA and officially emigrating?

How do I restart the TaxTim questionare?

  Written by Marc   Posted 21 November 2012

I have changed my status from provisional taxpayer to PAYE. The questionnaire asks me questions relating to source codes eg. 2006, 4002 etc which are not on my IRP5 form. What should I do?

How do I reflect UIF payouts as an income on my tax return?

  Written by Marc   Posted 21 November 2012

I lost my job and had to claim unemployment for a few months. I then recieved an income after that but need to reflect my UIF on my tax return as my return currently shows a negative income after pension etc.
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