n Tax Breaks Newsletter - RAs and emigration
|Article Title||RAs and emigration|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||May 2008|
In terms of the proposed amendments in the recent Taxation Laws Amendment Bill currently before Parliament, the definition of "retirement annuity fund" has been extended to include: "That a member who discontinues his or her contributions prematurely shall be entitled to -- ....(dd) the payment of a retirement fund lump sum withdrawal benefit where that member officially emigrated from the Republic for exchange control purposes as determined by the South African Reserve Bank;"
Article metrics loading...