Weekend Argus (Saturday Edition)

Can I contribute more to GEPF?

-

I am an employee in a state hospital. I am a member of the Government Employees Pension Fund (GEPF) and of a retirement annuity (RA) fund. Can I increase my contributi­on to the GEPF? If so, by how much? Will the additional contributi­on be tax-deductible? If so, do I have to claim for it separately, as I do for my RA contributi­ons? If I cannot increase my GEPF contributi­on, by what amount can I increase my RA contributi­on to benefit from the changes to the tax-deductibil­ity of retirement fund contributi­ons introduced on March 1? Dr RR Chetty

Newspapers in English

Newspapers from South Africa