Provident funds have been treated differently in South Africa while Pension funds and Retirement Annuity were treated the same. Old rules of Provident Funds were saying that, when a member resigns. They can take 100% of their of the provident fund interest. Now all that has changed. Up to 3rd of the market value can be withdrawn at retirement. Then the minimum of which is 2/3rd will be used to buy compulsory annuities.
{WATCH Video}: Evolution of Retirement Funds Taxation
We are discussing the evolution of pension fund, provident fund and retirement annuity taxation in...
