Can I work full time and collect pension? 2023-2024
Can I work full time and collect pension? 2023-2024
Yes, it is possible to work full time and collect a pension in South Africa, but there are certain rules and regulations that must be followed.
- If an individual is receiving a state pension, such as the old age grant or disability grant, they are allowed to work and earn additional income, as long as they do not earn more than a certain amount per month. The current limit for additional income is R89,000 per year. If an individual earns more than this amount, their pension may be reduced or stopped altogether.
- It is important to note that any income earned from work must be reported to the South African Social Security Agency (SASSA). Failure to report income may result in the individual being charged with fraud and having to repay any amounts received incorrectly.
- In addition to state pensions, there are other types of pensions, such as occupational pensions and private pensions. The rules for working and collecting these types of pensions may vary, depending on the specific pension scheme and its rules and regulations. It is important for individuals to check with their pension provider to understand the rules and regulations that apply to their specific pension.
- In some cases, individuals may choose to work part-time or take on freelance work in order to supplement their pension income. This can be a good way to stay active and engaged in the workforce while still receiving a pension. However, it is important to consider the impact that additional income may have on pension eligibility and amount, and to report all income earned to SASSA.
Overall, it is possible to work full time and collect a pension in South Africa, as long as certain rules and regulations are followed. If an individual is receiving a state pension, they may earn additional income up to a certain amount per year. It is important to report all income earned to SASSA and to check with pension providers regarding any specific rules and regulations that may apply.
SOCIAL GRANTS
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Care Dependency Grant
Child Support Grant
Disability Grant
Foster Child Grant
Grant-In-Aid
Older Persons Grant
Social Relief of Distress
War Veterans Grant
Visit the SRD website at
- Email: srd@sassa.gov.za
- USSD: *134*7737#
RELATED LINKS
Click here for more info on SASSA
For more information on Sassa, click here