FAQ: Can a taxpayer/pensioner choose to be excluded from the use of this tax rate?

Yes, the taxpayer/pensioner may choose not to use this tax rate. In this instance, you are required to inform your fund administrator in writing. Your fund administrator will then use the nominal tax rates to calculate the PAYE to be deducted from your income. Remember, the tax rate under this new legislation is calculated and […]

FAQ: 2. Why am I receiving a special tax rate

You have been identified as a taxpayer/pensioner that receives more than one source of income of which at least one of the incomes is from a retirement annuity. A new legislation has been promulgated to ensure that the most accurate rate of tax is applied to your monthly income to avoid any debt you may […]