The following example is for the annuity payment run for December 2006.
In this example:
- Annuitant E (Ref No. 5) Receives an annuity of R10000.00 per month.
Has the following investment split:
Portfolio 1 (unitised) 50%
Portfolio 2 (unitised) 50%
Pays R2000.00 per month to a medical aid fund.
Has R1000.00 tax deducted.