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Bonus How Did You Get A Bonus The bonus is added to your taxable income for the year The most effective way to reduce the tax you pay on your bonus is by investing a portion of your bonus in a retirement annuity If you use 0 of your bonus to invest in your RA you pay tax of R0 0 on the bonus Leaving you with an effective bonus of R40 0k after tax

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The bonus is added to your taxable income for the year The most effective way to reduce the tax you pay on your bonus is by investing a portion of your bonus in a retirement annuity If you use 0 of your bonus to invest in your RA you pay tax of R0 0 on the bonus Leaving you with an effective bonus of R40 0k after tax

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Tax for South Africans Made simple Income tax calculator Updated for 2024 25 tax year how much tax will you pay on your salary in South Africa

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