The logic behind the new system is to treat all contributions to pension, provident and retirement annuity funds as a deductible employment expense for the employer and taxable fringe benefit for the employee. This leaves the employer in a tax neutral position.
Blog Archives
New tax deduction rules for contributions to retirement funds
Tagged with: financial planning, pension fund, provident fund, retirement annuity, retirement savings, tax deductions
Posted in News, Press Room
Posted in News, Press Room
Death benefits on retirement funds v living annuities
A legal update on death benefits on retirement funds vs living annuities.
Ten steps to carefree retirement
How successful investors ensure their retirement years are indeed ‘golden’.
Commuting your RA on emigration
What are your options for commuting your RA?
What to do with a pension fund when you leave your job
When you change jobs, you have an option of either a pension payout, a transfer to your new employer’s pension fund, a preservation fund or a retirement annuity (RA).
Tagged with: pension fund, preservation pension fund, preservation provident fund, provident fund, resignation, retirement, retirement annuity
Posted in News, Press Room
Posted in News, Press Room
Transfers from preservation funds to retirement annuity funds
The promulgation of the Taxation Laws Amendment Act, 22 of 2012 (TLA Act 2012), on 1 February 2013 has removed the final legislative barrier for transfers from preservation funds to retirement annuity funds. The definitions of “pension preservation fund” and…
February – A good month to review your retirement plans and bump up your retirement savings
Review your retirement savings.
Budget makes the RA a powerful weapon
Budget makes the Retirement Annuity a powerful weapon
Proposed amendments to tax-deductibility of retirement contributions
Proposed amendments to tax-deductibility of retirement contributions
