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Jolien says: 14 March 2017 at 14:26 |
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TaxTim says: 14 March 2017 at 14:48 Your payroll office is required to give you the tax deduction on your RA contribution if they are aware of it and you will have to complete the contribution next to code 4006 on your tax return. This means, any refund owing to you should have been paid to you each month prior to the tax return submission and you are only declaring the contribution to the RA to avoid having to pay I. At the end of your assessment. From the 2017 tax year you are allowed a 27,5% contribution towards a retirement fund and this includes both your and your employer's contribution, kindly read our blog on New Retirement Fund Tax Laws |
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