Secundes

Tax breaks for retirement funding

While there are very few tax breaks for individuals, some huge ones are available for retirement funding. Retirement tax breaks in South Africa are designed to incentivise individuals to save for retirement and provide them with tax relief on contributions to retirement funds.  The government has implemented various tax incentives over the years to encourage […]

Your retirement ‘gift’ to SARS

Tax payable on your retirement lump sum When you actually retire from a retirement fund, the rules are a bit different – and SARS gives you a bit more of a break. Definition of retirement In the ‘good old days,’ retirement meant that you had reached a certain stage where you stopped working, had a […]

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