Recent content by ryanSinatra2007

  1. ryanSinatra2007

    How much do I have to pay as a penalty to SARS for exceeding the yearly tax free account R36K limit?

    Thanks! Just confirming R19600 in my example then?
  2. ryanSinatra2007

    How much do I have to pay as a penalty to SARS for exceeding the yearly tax free account R36K limit?

    Thanks so in my example R19600?
  3. ryanSinatra2007

    How much do I have to pay as a penalty to SARS for exceeding the yearly tax free account R36K limit?

    Good Day Forgive my ignorance, my question is how much exactly do I have to pay SARS as a penalty if for example: If I invested R85,000 into my tax free account which exceeds the yearly limit by R49,000 (yearly limit is R36k) I read somewhere that I would need to pay 40% of the difference i.e...
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