How tax works on your retirement fund

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
0:00
play article
Subscribers can listen to this article
Retirement and taxes. Photo: iStock
Retirement and taxes. Photo: iStock

PERSONAL FINANCE

Maya Fisher -French explains the “exempt-exempt-taxed” regime.

One of the most common complaints I receive from pensioners is that they pay tax on their retirement benefits. While one can sympathise with the plight of pensioners who often struggle to come out on their retirement income, one needs to understand the tax structure for retirement funds.

Support independent journalism
Subscribe to News24 for just R75 per month to read all our investigative and in-depth journalism. You can cancel any time.
Subscribe
Already a subscriber? Sign in

E-Editions

Read the digital editions of City Press here.
Read now
Voting Booth
President Cyril Ramaphosa has praised outgoing Chief Justice Mogoeng Mogoeng for his outstanding leadership and service. Do you agree?
Please select an option Oops! Something went wrong, please try again later.
Results
He served well.
64% - 166 votes
He was too controversial
36% - 95 votes
Vote