Has anyone gotten out of paying the 40% over contribution penalty to sars?
Is there some way to appeal or write a letter? I've accidentally contributed 72k (36k above the annual threshold) into my TFSA. Was not able to reverse it, and really just don't want to pay the penalty for the 2025 financial year. I've been feeling really depressed that I'm losing so much money over a mistake I made. I really don't feel I'll make it back since I may leave the country in the next few years. Has anyone ever appealed and been successful? I wish they can just carry it over to the next year or something. Any advice is appreciated thanks.