Gertruida says: 2 March 2016 at 10:11 I am a member of a provident fund. People that contribute to a pension fund get a tax deduction of 7. 5%. Provident no rebate. How will I be treated with the new tax law. Will I be entitled to a rebate as well and what percentage? |
TaxTim says: 2 March 2016 at 10:35 Yes you will be allowed a deduction up to 27.5% of your gross income as a contribution with a cap at R350 000 per year. |