Question:
What if i contribute R1600 on my pension booster, during pension date will it not be taxed if it exceeds R500000. Thank you
Answer:
Edgar, If you do not get a tax deduction on the R1 600 pm, you will get this money back tax-free when you resign or retire.
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.
