The information and answers supplied in this section do not constitute advice as defined by the Financial Advisory and Intermediary Services Act, 37 of 2002.
How much of my retirement annuity contribution is tax deductible?
Retirement Annuity contributions are tax deductible under S11(k) of the income tax act. Contributions are deductible to a limit of 27.5% of taxable income, capped at an annual limit of R350 000. Contributions in excess of the annual limits will be rolled over to future years.
