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Louisa says: 14 October 2015 at 9:18 During this tax year, I was retrenched and had to move my retirement fund money from the fund where it was to a new preservation fund. The amount of money transferred shows up on my tax return, but I just want to find out if I will be taxed on this? Will SARS know that the money has been moved to a preservation fund and not paid out cash to me? Thanks! |
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TaxTim says: 14 October 2015 at 12:56 No you will not be taxed on this - look to the right hand side, there should be nothing under PAYE and then a directive number at the bottom right hand side. |
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Louisa says: 14 October 2015 at 13:50 Yes, I see that now on the form. Great, thanks for your help! |
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TaxTim says: 15 October 2015 at 21:06 Only a pleasure! |
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