P. W. Sheppard retired from RM (PTY) ltd as he has reached the age of 65 years. upon his retirement he had received the following income for the year of assessment:

A Rolex watch, which the company had paid R5 700 for, this awarded in appreciation of the long service he had given to the company

A cash salary of R21000 per month up until his retirement.

dividends of R15000 was received from a company based in Germany which was listed on a stock exchange.

Mr Sheppard owns a rent producing property which produces rent of R1950 per month, in addition to this he has incurred maintenance expenses of R14000 during the year of assessment.

Dividends of R75000 which was received from South African company for the year.

He received interest of R15000 from a local bank, this was from a fixed deposit he held at the bank.

Required

Calculate the tax payable for P.W. Sheppard for the 2020 year of assessment