Available Course
(Afrikaans) Lump sum benefits and tax - no retirement from taxes
>> Click here to book this training as an In-House course <<
Duration: | 1.50 |
CPD Hours: | Attendance at this seminar will secure 1.5 hour/s verifiable CPD points including other professional bodies (SAICA, SAIBA, ACCA, IACSA, IRBA & etc) |
Course Facilitator: |
Corlia Faurie
T: 0118861395 E: gillian@probetatraining.co.za |
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For many individuals, retirement is something to look forward to as a well-deserved rest.
Unfortunately, one does not simply retire from paying taxes, and therefor also needs to plan ahead financially, and consider the taxation of amounts received upon retirement.
We offer a session aimed at discussing and explaining the tax implications of lump sum amounts received in various circumstances.
This session will address matters including, but not limited to, the following:
• The tax treatment of each type of lump sum covered by the Income Tax Act such as:
o Benefits received upon retirement from pension, provident and retirement funds
o Benefits withdrawn before, upon or after retirement from pension, provident and retirement funds
o Benefits received from employers (other than fund benefits)
o Transfer of benefits between funds
o Limitation on withdrawal amounts for certain funds
• The responsibility of the employer or fund for withholding taxes on lump sum amounts where applicable
• This session does not include detailed tax planning matters, neither will it cover investment or retirement planning matters.
☒ Investment managers
☒Financial managers
☒Tax Practitioners
☒Auditors
☒Bookkeepers
☒Financial accountants