Contributions to retirement annuities are tax deductible. That means that the amount of money you https://chicken-road-apk.com/ contribute to your retirement annuity reduces your taxable income. As a result, you pay less tax. Congrats. You got a bonus.

• You got a bonus.
• That means that the amount of money you contribute to your retirement annuity reduces your taxable income.
• Contributions to retirement annuities are tax deductible.
• If your income exceeds the tax thresholds, then you will need to register as a tax payer with SARS.
• Find out how much tax you will pay on your bonus with the Bonus Tax Calculator.

Income tax calculator (Updated for 2024/25 tax year)?

• Contributions to retirement annuities are tax deductible.
• As a result, you pay less tax.
• That means that the amount of money you contribute to your retirement annuity reduces your taxable income.
• Congrats.
• If your income exceeds the tax thresholds, then you will need to register as a tax payer with SARS.

Find out how much tax you will pay on your bonus with the Bonus Tax Calculator. If your income exceeds the tax thresholds, then you will need to register as a tax payer with SARS.