n Without Prejudice - Retirement funds - uncertainty for some individuals who worked abroad? : tax
|Article Title||Retirement funds - uncertainty for some individuals who worked abroad? : tax|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Publication Date||Apr 2013|
Currently, the application of the apportionment rules to South African retirement fund benefits due to South African residents who contributed to these funds while they worked abroad is unclear. The South African Revenue Service (SARS) holds the view that lump sum benefits should be treated differently from annuity payments. This view impacts on the tax treatment of provident fund payments and the lump sum portion of pension fund payments.
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