New Feature: UIF, SDL and Retirement Deduction Traces
In addition to the existing tax trace and the new ETI trace announced on 5 June 2020, we now also have a UIF, SDL and Retirement Deduction trace.
Posts with Tag "Retirement"
2016 Retirement Reform
The 1st of March 2016 brought with it a number of significant changes that will affect employees with pension, provident and retirement annuity funds. This legislation introduces a uniform tax treatment for all three of the above-mentioned funds (total taxable income deduction limited to 27.5% of income, with an annual cap of R350 000).