Available Course

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

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the Income Tax Act such as: o Benefits received upon retirement from pension, provident and retirement funds o Benefits withdrawn before, upon or after retirement from pension, provident and retirement funds o Benefits received from employers (other than fund benefits) o Transfer of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