Retirement Annuity

Posted 1 March 2016 under Tax Q&A
Kyle says:
1 March 2016 at 9:57

1. What is the tax on the Retirement savings. 2. If the two thirds must be taken out as an annuity, what happens to the fund when the contributor passes away?

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TaxTim TaxTim says:
1 March 2016 at 13:43

Please make use of our Lump sum calculator to work out tax on your lumpsum withdrawal before or after retirement.

Normally, the benefits will accrue on death to a designated beneficiary (that you would have nominated).

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