Do your Tax with TaxTim and WIN R10,000  More info   T&C's apply


GEPF options to minimize tax?



Lisa says:
19 May 2015 at 11:21

I am resigning from the GEPF. I have two options either transferring to a preservation fund or having the money transferred into my bank account. What are the benefits of the two methods in terms of the tax that I will pay

TaxTim TaxTim says:
20 May 2015 at 11:31

The transfer to a preservation fund will mean that there is no tax payable. Transferring to your bank would mean you are withdrawing from the fund and then you would be subject to tax as per the Lump sum calculator

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.




Do your Tax Return in 20 minutes or less!

TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Get SARS Tax Deadlines in your Inbox
We'll tell you when you need to file, along with tax tips and updates.