Contributions towards retirement are deductible to a limit of 27.5% of taxable income, capped at an annual limit of R350 000. Contributions above the annual limits can be claimed as tax-deductible in future years.

You may also make an additional voluntary contribution (AVC).


These extra contributions can provide further tax relief in addition to the normal contributions, however, you should note that AVCs will also form part of the 27.5 % (Max: R350 000) tax deduction.

They can easily be temporarily suspended or reduced/increased to suit cash flow.

They serve as a further supplement to your retirement benefits without additional cost.

They can be dealt with by way of a monthly deduction against your salary or by way of lump-sum deductions.

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