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RA contribution limits: How much can I deposit in my RA?

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There are no limits on the amount you can deposit into your RA. However, National Treasury has put limits on the amount you can claim as a tax deduction in a retirement annuity account. The deduction is limited to a maximum of R350 000. Any contributions exceeding the limitations are carried forward to the immediately following year of assessment and are deemed to be contributed in that following year.

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