In this paper we present the results of investigations into ceramic samples of solid solution (1-x)(PbZr0.53Ti0.47O3)- x(PbFe0.5Ta0.503) (i.e. (1-x)PZT-xPFT) with x = 0.25, 0.35 and 0.45. We try to find the relation between the character of dielectric dispersion at various temperatures and the composition of this solution. We also describe the magnetic properties of investigated samples. With increasing the content of PFT also mass magnetization and mass susceptibility increase (i.e. magnetic properties are more pronounced) at every temperature. The temperature dependences of mass magnetization and reciprocal of mass susceptibility have similar runs for all the compositions. However, our magnetic investigations exhibit weak antiferromagnetic ordering instead of the ferromagnetic one at room temperature. We can also say that up to room temperature any magnetic phase transition has not occurred. It may be a result of the conditions of the technological process during producing our PZT-PFT ceramics.