FAQ: 1. What is the meaning of the letter titled, Employee’s tax (PAYE) on your pension or annuity for tax period 1 March 2023?

To ensure that the correct PAYE amount is deducted monthly and to avoid a significant tax debt to SARS at year-end.

The letter is a directive issued by SARS to your employer or pension fund and it indicates the tax rate percentage which should be used in the calculation of PAYE which should be deducted from your income.

Last Updated:

Share this page on:
Facebook
Twitter
LinkedIn
Email
Print