Mr. Jeremiah purchased an annuity of R5 000 per month for himself, for which he paid an amount of R300 000. The annuity will be paid from 1 March 2020 over a period of 6 months. Calculate the exempt portion for the annuity for the 2021 year of assessment. Round off to the nearest Rand.a.
a. R10 000b.
b, R60 000c.
c, R4 167d.
d, R50 000
Mr. Jeremiah purchased an annuity of R5 000 per month for himself, ….. Calculate the exempt portion for the annuity for the 2021 year of assessment. Round off to the nearest Rand.a.
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