n Tax Breaks Newsletter - Taxing foreign pensions : income tax
|Article Title||Taxing foreign pensions : income tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Apr 2016|
|Pages||3 - 4|
Any foreign pension, whether it is a government pension or a non-government pension, will be included in the gross income of a resident. However, Section 10(1) (gC) of the Income Tax Act exempts the portion of any pension or annuity received or accrued to any resident from a source outside South Africa.
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