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GEPF options to minimize tax?

Posted 24 May 2015 under Tax Questions

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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

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TaxTimTaxTim 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


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