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


Tax implications of UIF benefits



Annie says:
11 May 2016 at 19:03

I retired at age 65 during the course of the 2016 tax year. I claimed UIF retirement benefits which I received monthly (part in 2016 tax year and part in 2017 tax year). Will this UIF retirement benefit impact on my annual taxable income? Will I be receiving an IRP5 or IT3a from the UIF?

TaxTim TaxTim says:
12 May 2016 at 9:39

UIF benefits are not taxable so you don't need to worry about receiving IRP5/IT3a's from the UIF.

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.