Retirement Annuity FAQ

Can my employer contribute to a retirement annuity on my behalf?

Yes. The employer can either contribute to the RA on the member’s behalf, or deduct such contributions from the employee’s pay. If the employer makes the contribution on behalf of the employee then this will attract fringe benefits tax that must be recovered from the employee.  In both cases, the employee can claim these RA contributions for tax, up to a maximum of 27,5% of gross remuneration or taxable income (whichever is the higher) subject to an annual deduction cap of R350,000.

Get up to 60% more savings with 10X

Investing is simple and easy with 10X's award winning low cost investment solution

Find out more

Get started or switch to 10X today.