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UCTRF Tax Free Calculation- From 1 October 2021
NOTE: Calculations based on the year 2023/2024 Budget Tax Tables
Cost of Employment
Description
Amount(p.a)
Annual Cost of Employment
UCTRF Contribution % of COE
Do you have funeral Cover?
Retirement Annuity Premiums (p.a)
[This is not part of UCTRF, but your own contributions to RA's]
Calculate
Result
Description
Amount(p.a)
Total UCTRF Contribution (@ 12.00 %)
Retirement Annuity Contribution
Seperate Risk Cover Premiums
Compulsory Income Disability p.a (Deducted from the UCTRF contribution and Taxable)
Compulsory Separate Death and lump sum disability cover (p.a)
Employee Waiver p.a
Funeral Cover p.a (Deducted from the UCTRF contribution and Taxable)
Total
R 0
Total retirement fund contribution (
(UCTRF and Retirement Annuities contributions)
The maximum tax free contribution you can make to the UCTRF is with a contribution percentage of 0 % with given Retirement Annuity of R 0 p.a
