Recent changes in South Africa's tax regulations have impacted pensioners, particularly those with multiple income sources. The South African Revenue Service (SARS) has introduced measures to ensure accurate Pay-As-You-Earn (PAYE) deductions for pensioners receiving income from various sources, aiming to prevent unexpected tax liabilities.
If your lump sum taken from March 1 2024 at retirement or on retrenchment (plus previous sums) is:
Source: South African Revenue Service
We invite you to share your views on the current taxation policies affecting pensioners. Your feedback is crucial in understanding public sentiment and advocating for fair tax practices.
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